Japan in driver's seat for Indian bullet train deals, jolt for 'Make in india'
NEW DELHI/TOKYO: Japanese steel and engineering companies are in the driver's seat to bag major supply contracts for a $17 billion Indian bullet train, several sources said, undermining a key component of Prime Minister Narendra Modi's economic policy - a push to 'Make in India'.
Japan is funding most of the project, and Japanese companies are likely to supply at least 70 per cent of the core components of the rail line, said five sources with direct knowledge of the matter.
A Japanese transport ministry official involved in the project said the two countries were still working out a strategy for the supply of key components, and would unveil a plan for procurements around July.
Deepak Singh-New Delhi-21 hours ago
Make in India is making one thing only - FOOLs.
They are being manufactured in plenty and growing.
Nicole-Germany-19 hours ago
dear indians modi fooled you all. make in india is just fake in india. all that modi makes in india are lies and civil unrest. he made kashmir a war zone and many states are on the brink of cival war.
Girish Noor-Delhi-19 hours ago
Another lie of the bjp exposed. Where are all those bhakts who used to shout that lakhs of jobs are being created??? The programme must be called Make-Fools-in-India.