"Whatever I understand, a total of 240 coaches would be inducted by 2023 (for the project). Of this, some numbers would be assembled (in India). Initially, I believe it is better to absorb the technology. Some particular Indigenisation will happen and that has not been decided," said company's Chairman and Managing Director D.K. Hota.
The Mumbai-Ahmedabad High Speed Train Project, popularly referred to as Bullet Train, is an endeavour to bring economic growth and prosperity with the Indian Railways adopting most modern technologies.
"As and when the opportunity comes and particularly, when it comes to us contractually, we would invest. There are various Japanese companies which would primarily be there and we would be talking to them," he said on the sidelines of a programme "Rail connect east, 2018".
According to him, BEML has tied up with Japanese company Hitachi. Another public sector undertakings, BHEL Ltd, has also tied up with Kawasaki.
Hota said: "The government is extremely serious (on the high speed train project) and lot of ground work has happened. Whatever part (of the project) comes out for bidding, we would bid and try to get order.
"We have to be in sync with the government plans... We have the capacity to absorb the technology," he added.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)