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BEML eager to do indeginisation of bullet train parts

Press Trust of India  |  Kolkata 

BEML, a PSU under the defence ministry, is keen to enter the of part indigenisation of bullet train components for which it has entered into an agreement with Japanese company Hitachi, a said.

Bullet train operations are proposed to commence by 2023 between and with the help of Japanese investments and technology and the government had already formed the to execute the project.

"It is a very We are eager to do a portion of indigenisation of the train components and slowly absorb the technology", CMD of D K said.

had recently entered into an agreement with of Japan in this regard, told reporters on the sidelines of a CII event here today.

As per the plan, out of the 24 rakes comprising 240 coaches which would run between and Ahmedabad, ten would be manufactured in

was the other PSU which had entered into a similar agreement with another Japanese firm,

"We will be ready for supplies once we get the order from the government", said.

The project is estimated to cost Rs 1.1 lakh crore (US$17 billion).

BEML, which is also involved in other verticals like manufacture of defence and and construction equipment, had supplied metro rakes for East-West Metro in Kolkata, Bangalore Metro and Delhi Metro.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 27 2018. 15:15 IST