Indian firms cut out of the action in building country's bullet train
Japanese firms set to bag major supply contracts; Japan- India JV falls through due to Japan's concerns over quality
Fri, Jan 19, 2018 - 5:50 AM
Mr Narendra Modi (second from right) with Mr Shinzo Abe (right) on their visit to a bullet-train factory in Kobe in 2016. The Japanese premier had proposed developing a Japanese rail system for India.
AFP FILE PHOTO
JAPANESE steel and engineering companies are in the driver's seat to bag major supply contracts for a US$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".