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Less than 20 pc of Bullet train components will be Japanese:

Press Trust of India  |  New Delhi 

Less than 20 per cent of the components of the project would be Japanese, the Railways informed Parliament today.

On being asked if it was true that Japanese companies would meet at least 70 per cent of core components for India's first and its track, of State for Railways Rajen Gohain said that it was not.

"Japanese component for the project is estimated to be about 18.6 per cent of the total project cost. Make in is an integral part of the project," he said without elaborating on the components.

According to the ministry, as per the current estimate, procurement from will be about 18 per cent of the project cost.

Gohain said a joint on 'Make in India' and Transfer of Technology (ToT) under the Mumbai-Ahmedabad High Speed Rail (MAHSR) project has been constituted.

He said that this was constituted to provide a platform for "Indian and Japanese companies to come together and facilitate tie-ups by way of formation of joint venture and transfer of technology."

"The task force and the four subgroups constituted for civil works, track, rolling stock and electrical and system areas have held several meetings in this regard," the said.

The project is targeted for completion by the year 2022-23.

The feasibility report had assessed a ridership of 35,800 passengers per day in the year 2023 which goes up to 1,85,800 per day by the year 2053.

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

First Published: Fri, February 09 2018. 19:25 IST