China wants to provide finance to India for supply of bullet trains

Chinese President Xi Jinping’s visit to India from September 17 will witness a landmark railway framework cooperation that involves introducing bullet trains, upgrading existing railway lines, modernising India’s rail platforms and cooperation between the railway academies and personnel of both countries.
This comes within weeks of Japan’s offer for bullet trains to India beginning with Mumbai-Ahmedabad route. To make the offer more attractive, China will also provide finance to India for supply of bullet trains. China Railway Chief Engineer HE Huawu told a select group of reporters that China would provide proven advanced technology for bullet trains or High Speed Railway and this will be cost effective.
Source: articles.economictimes.indiatimes.com


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