The China Railway Construction Corporation (CRCC), which is making a strong bid to export its high-speed train technology, will get USD 30 billion in funding to sharpen its competitiveness in the overseas markets, state media reported today.
In recent years, Chinese enterprises have been quickening their pace of "going global", and have gained a strong competitive edge in the area of railway construction.
China, which recently increased the speed of its bullet train to 350 kms, has the world's longest high-speed rail network with 22,000 kms currently in operation.
It is now trying hard to market it abroad including in India. The CRCC has undertaken feasibility study to build the high-speed corridor in the New Delhi-Chennai sector.
Japan bagged the first high speed train project in India between Mumbai and Ahmedabad.
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