Integrate Chinese tech with Indian Railways, energy sectors: Li

'We have to integrate our technologies of high-speed railways and energy equipment with the Indian market as a breakthrough in Sino-Indian cooperation,' Li said during a meeting with Deputy Chairman of Planning Commission Montek Singh Ahluwalia.

hidden March 20, 2014 11:55:36 IST
Integrate Chinese tech with Indian Railways, energy sectors: Li

Beijing: Premier Li Keqiang has said "integrating" China's technology in India's railway and energy sectors would be a "breakthrough" in Sino-Indian cooperation, as both countries finalised plans to modernise Indian Railways with Chinese technical assistance.

Integrate Chinese tech with Indian Railways energy sectors Li

Chinese Premier Li Keqiang. Reuters

"We have to integrate our technologies of high-speed railways and energy equipment with the Indian market as a breakthrough in Sino-Indian cooperation," Li said during a meeting with Deputy Chairman of Planning Commission Montek Singh Ahluwalia.

Ahluwalia, who headed the Indian delegation at the third round of Strategic Economic Dialogue held here this week, called on Li yesterday during which he apprised him of progress made in specific proposals relating Chinese cooperation to modernise Indian railways, including heavy haul of freight, improving existing rail lines to drastically increase the speed of trains.

Indian officials say India is seeking Chinese assistance for track improvement to increase the speed of trains up to 180 kmph, which they say is a cheaper option compared to high speed trains, as they require exclusive tracks covered on both sides entailing issues like land acquisition as well as big expenditure amounting to Rs. 120 crore a KM.

The Indian delegation included Railway Board Chairman Arunanendra Kumar and his team of high powered officials.

For high speed track development, India has proposed Delhi-Agra, Delhii-Khanpur and Delhi Chandigarh sectors as pilot projects to China. The move was expected to gather steam after the general elections in India.

Ahluwalia is confident that whatever the composition of the new government in New Delhi they would back the projects as they are most feasible at present.

Indian railway construction is expected to showcase China-India cooperation, state-run China Daily quoted officials as saying after Ahluwalia's meeting with Li.

At the SED, the two sides signed memorandums and pacts on sustainable urbanisation, IT and the energy sector.

The construction and upgrading of the Sino-Indian railway topped the agenda of the SED meeting, which was presided over by Ahluwalia and Xu Shaoshi, chairman of China's National Development and Reform Commission.

Ahluwalia also held talks with top officials of the state owned China Development Bank, which finances infrastructure projects all over the world.

PTI

Updated Date:

also read

S&P's view on banking offsets Moody's downgrade:Montek
Economy

S&P's view on banking offsets Moody's downgrade:Montek

On Thursday, S&P upgraded its rating of the Indian banking sector, stating that domestic regulations are in line with international standards.<br /><br />

Economic growth to be around 8% this fiscal: Montek
Business

Economic growth to be around 8% this fiscal: Montek

Planning Commission Deputy Chairman Montek Singh Ahluwalia today said the Indian economy will grow by around 8 per cent this fiscal.

Montek faces opposition flak in LS on price rise
Fwire

Montek faces opposition flak in LS on price rise

Ahluwalia today came under sharp attack in the Lok Sabha on the issue of price rise with questions being raised on the panel's affidavit in the Supreme Court.