Beijing: Signing a record deal with any city of South East Asia, China will supply 14 subway trains with 112 carriages to Kolkata. China Railway Rolling Stock Corp Ltd (CRRC) will provide 14 subway trains with 112 carriages in total to Kolkata, CRRC said in a statement, state-run China Daily reported.China will supply 14 subway trains with 112 carriages to Kolkata city, the biggest such contract for a Chinese company in South Asia.
This is the first overseas order that CRRC has received after merger of China’s state-owned train manufacturing firms – China North Railway (CNR) and China South Railway (CSR) in June.
The value of the order has not been mentioned. As the third-biggest city in India, Kolkata will replace the old trains that have been running for over 30 years in its south-north subway line which reaches a length of 23.45 km in order to ease the transportation pressure, the Daily reported. According to the company, this is the first time that CNR Dalian has entered the market of South Asia.CRRC started trading on the Shanghai and Hong Kong bourses on Monday, becoming the world’s biggest rail conglomerate in terms of market value and sales.
The Kolkata order came ahead of the visit of a high power delegation from West Bengal headed by Finance Minister Amit Mitra in Beijing to explore investment opportunities for his state. Indian officials said the delegation will meet Chinese investors to showcase investment opportunities in the state.
Chief Ministers of several Indian states including Andhra Pradesh, Gujarat, Maharashtra and Karnataka have visited China to woo Chinese investments.The two countries have also launched India-China Forum for State and Provincial Leaders during the visit of Prime Minister Narendra Modi to China in May to facilitate direct interaction between Indian states and Chinese provinces.
The order came as China is trying to make all out efforts to bid for high speed bullet trains against stiff competition from Japan.