Wait...
  1. Home >
  2. Export Import News >
  3. Economy News >
  4. Railways may ride Train 18 to $200bn market >
  5. Railways may ride Train 18 to $200bn market

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Railways may ride Train 18 to $200bn market.


Date: 19-01-2019
Subject: Railways may ride Train 18 to $200bn market
NEW DELHI: The railways is planning an entry into the $200 billion global market for coaches and wagons (rolling stock) after producing Train 18  even as the government is yet to give a go ahead for its debut commercial operation between Delhi and Varanasi. One of the projects they are eyeing is the Singapore-Kuala Lumpur High Speed Rail (HSR) project which is currently stalled. 

 Rajesh Agrawal, member rolling stock of the railway board said countries from the middle-east, North and South America, south-east Asia and even east Europe have shown interest in Train 18. Sources said PM Narendra Modi has also asked the railways to make a presentation on the indigenously built train when heads of all Indian missions meet here so that they become a part of the exercise to popularise the train in countries where they are posted as a part of an economic diplomacy push. 

"We believe there is great potential in the semi-high speed category, that is between 150-250 kmph. We are ready to offer this to markets where HSR may be too expensive but this would be a viable alternative. The cost of these trains would be at least 25% less than what other countries spend for manufacturing on their land. We want to enter the global rolling stock market," Agrawal told TOI. 

 The government also has ambitious plans for the train. The Singapore-KL project was first scrapped by Malaysian PM Mahathir Mohammed in 2018. Later it was deferred to a 2031 roll out, with a commitment to lowering the price of the project. Companies from China, Japan, South Korea and Europe are believed to have expressed interest in the project. India wants to add its name to this list - railway authorities believe that the project would be financially viable with a semi-high speed train. 

Train 18 can run at a speed of 180 kmph. 

Source: timesofindia.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 12-12-2019
TRADE NOTICE No. 41/2019-20
Online filling and Issuance of Preferential Certificate of Origin under SAFTA and SAPTA for India's Exports to Nepal w.e.f. 18th December 2019

Date: 12-12-2019
Notification No. 35/2015-2020
Amendment in Para 2.25 of Foreign Trade Policy, 2015-20.

Date: 12-12-2019
Notification No. 63/2019 – Central Tax
Seeks to extend the due date for furnishing of return in FORM GSTR-1 for registered persons in Jammu and Kashmir having aggregate turnover more than 1.5 crore rupees for the months of July, 2019 to September, 2019

Date: 12-12-2019
Notification No. 64/2019 – Central Tax
Seeks to extend the due date for furnishing of return in FORM GSTR-1 for registered persons in Jammu and Kashmir having aggregate turnover more than 1.5 crore rupees for the month of October, 2019.

Date: 12-12-2019
Notification No. 65/2019 – Central Tax
Seeks to extend the due date for furnishing of return in FORM GSTR-7 for registered persons in Jammu and Kashmir for the months of July, 2019 to October, 2019.

Date: 12-12-2019
Notification No. 66/2019 – Central Tax
Seeks to extend the due date for furnishing of return in FORM GSTR-3B for registered persons in Jammu and Kashmir for the months of July, 2019 to September, 2019

Date: 12-12-2019
Notification No. 67/2019 – Central Tax
Seeks to extend the due date for furnishing of return in FORM GSTR-3B for registered persons in Jammu and Kashmir for the month of October, 2019

Date: 11-12-2019
Notification No. 65/2019-Customs (N.T./CAA/EXTENSION/DRI)
Appointment of CAA by DGRI - reg.

Date: 11-12-2019
Instruction No. 05/2019-Customs
Reporting of cases warranting action under PMLA.

Date: 10-12-2019
Notification No. 89/2019 – Customs (N.T.)
Appointing the date for enforcing section 88 (b) of the Finance (No. 2) Act, 2019 to bring out the changes in the First Schedule to the Customs Tariff Act, 1975.



Exim Guru Copyright © 1999-2019 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001