India needs to upgrade its railways on a war footing, says Chinese media
Advertisement
India needs China’s help again as it is in urgent need of upgrading its railways and only China can offer the required help, said Chinese media agency. Concerns are prevailing over the poor maintenance of India's rail network following the deadly train derailment that claimed over 140 lives.
Indore-Patna Express derailment in Kanpur has risen the concerns regarding the poor condition of the country’s rail network.
“India is in urgent need of upgrading and China can offer the necessary help", an article in the State-run Xinhua news agency said.
"Following the Indore-Patna Express derailment, India and China may want to speed up cooperation in infrastructure and China could provide direct support for upgrading India's railways," an article in the website of the sate-runGlobal Times said.
India holds the second-largest portion of shares and voting rights in the China-led AsianInfrastructure Investment Bank which could allow it to benefit from the bank's efforts to improve infrastructure in Asia.
"Chinese banks might provide concessionary loans to India if it allowed more Chinese enterprises to invest in its state-run railway network," it said.
"There is also potential for China and India to cooperate in railway technology. China's technology is advanced even compared with some developed countries and the costs are lower, which are appropriate for being adopted in India. A 2014 research report from theWorld Bank showed that ticket prices for China's railway were about a quarter of those in other countries," it said.
"Assistance from China is likely to help the South Asian country upgrade its railways, but an open attitude towards Chinese investment in the rail network would be a pre-condition for bilateral cooperation. Following its deadliest train crash since 2010, hopefully India can achieve greater security for its railways," it added.
India has already worked out a number of cooperative agreements with China for the development of railways.
Advertisement
“India is in urgent need of upgrading and China can offer the necessary help", an article in the State-run Xinhua news agency said.
"Following the Indore-Patna Express derailment, India and China may want to speed up cooperation in infrastructure and China could provide direct support for upgrading India's railways," an article in the website of the sate-run
India holds the second-largest portion of shares and voting rights in the China-led Asian
Advertisement
"There is also potential for China and India to cooperate in railway technology. China's technology is advanced even compared with some developed countries and the costs are lower, which are appropriate for being adopted in India. A 2014 research report from the
"Assistance from China is likely to help the South Asian country upgrade its railways, but an open attitude towards Chinese investment in the rail network would be a pre-condition for bilateral cooperation. Following its deadliest train crash since 2010, hopefully India can achieve greater security for its railways," it added.
India has already worked out a number of cooperative agreements with China for the development of railways.
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas
- IndiGo places order for 30 wide-body A350-900 planes
- Markets extend gains for 5th session; Sensex revisits 74k
- Top 10 tourist places to visit in Darjeeling in 2024
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market