Bullet Train contracts to prefer Indian firms
RAILWAYS & METRO RAIL

Bullet Train contracts to prefer Indian firms

VK Yadav, Chairman and CEO of the Railway Board, declared on Friday that domestic companies would take 72% of the Mumbai-Ahmedabad bullet train project contracts.

Indian contractors will perform most of the high-value technical work such as building bridges and tunnels. The Indian component of the work will include all civil engineering work, including bridges, under-sea tunnel related contracts. Japanese companies will be relegated to handling work related to signalling, telecommunications, initial rolling stock and electrical work, Yadav said at a webinar held by the Associated Chambers of Commerce of India (ASSOCHAM).

A loan of Rs 88,000 crore will be provided by the Japan International Cooperation Agency (JICA), as part financing of the approximately Rs 1.10 lakh crore for the much-hyped 508 km long high-speed rail corridor project.

Yadav said that the push for domestic award is a part fulfilment of the government’s objective of the Aatmanirbhar Bharat mission. The Chairman acknowledged a standing issue with the Mumbai-Ahmedabad Bullet Train corridor, land acquisition, and confirmed that the project is being deferred from the expected date. Ninety per cent of the land in Gujarat has already been obtained, and the remaining 10 per cent will be available by 31 December.

VK Yadav, Chairman and CEO of the Railway Board, declared on Friday that domestic companies would take 72% of the Mumbai-Ahmedabad bullet train project contracts. Indian contractors will perform most of the high-value technical work such as building bridges and tunnels. The Indian component of the work will include all civil engineering work, including bridges, under-sea tunnel related contracts. Japanese companies will be relegated to handling work related to signalling, telecommunications, initial rolling stock and electrical work, Yadav said at a webinar held by the Associated Chambers of Commerce of India (ASSOCHAM). A loan of Rs 88,000 crore will be provided by the Japan International Cooperation Agency (JICA), as part financing of the approximately Rs 1.10 lakh crore for the much-hyped 508 km long high-speed rail corridor project. Yadav said that the push for domestic award is a part fulfilment of the government’s objective of the Aatmanirbhar Bharat mission. The Chairman acknowledged a standing issue with the Mumbai-Ahmedabad Bullet Train corridor, land acquisition, and confirmed that the project is being deferred from the expected date. Ninety per cent of the land in Gujarat has already been obtained, and the remaining 10 per cent will be available by 31 December.

Next Story
Infrastructure Energy

Queensland, Australia Backs METS Delegation for India’s Flagship Mining Expo – IME 2025

Trade and Investment Queensland (TIQ) — the Queensland Government’s global business agency — is leading a high-level delegation of mining equipment, technology and services (METS) companies to the International Mining, Equipment & Minerals Exhibition (IME) 2025, being held in Kolkata from October 30 to November 2.The delegation highlights Queensland, Australia’s world-class mining expertise across digital innovation, mine safety, critical-minerals technology, and sustainable mining solutions — aligning with India’s rapid transformation of its mining and resources sector to supp..

Next Story
Infrastructure Urban

ABB India Expands Local Production with New Line for Energy-Efficient Drives

ABB India has announced the expansion of its local manufacturing footprint with the launch of a new production line for variable speed drive (VSD) modules at its Peenya facility in Bengaluru. The new line enhances ABB’s local production capacity for drives by around 25 per cent, supporting the Government of India’s ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives.Equipped with state-of-the-art automation and digital monitoring technologies, the new line is designed to meet the rising demand for energy-efficient and high-performance drives across industries such as buildings, da..

Next Story
Infrastructure Urban

Aimtron Secures International IoT Order Worth $3.9 Million

Aimtron Electronics, one of India’s fastest-growing Electronics System Design and Manufacturing (ESDM) companies, has announced that it has secured a major international IoT order worth $3.946 million (approximately Rs 340.69 million) from a leading global client. The contract involves the manufacture and export of 200,000 IoT devices over the next 12 to 15 months.This order marks a significant milestone in Aimtron’s global expansion, underscoring its capability to deliver complete box-build IoT solutions that meet international quality standards. The deal is expected to strengthen the com..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?