China Railway Rolling Stock Corp Ltd. (CRRC) has recently won a contract to deliver 14 subway trains along with a total of 112 carriages to India. It is the biggest contract till date for a Chinese firm in South Asia. According to the reports by China Daily, the company has mentioned in a statement that the subway trains will run in the railway tracks of Kolkata. Last month, the Chinese government-owned train manufacturing companies China South Railway (CSR) and China North Railway (CNR) were merged. This is the first major overseas contract received by CRRC since the merger. In February, the Kolkata order was bagged by CNR Dalian Locomotive, a subsidiary of CNRC and Rolling Stock Company.
The value of the order has not been disclosed. According to the reports, Kolkata, the third-largest city in India, has planned to replace its old trains running on 23.45 kilometres subway line for the past 30 years. The company has mentioned that this is the first opportunity for CNR Dalian Locomotive to enter the South Asian market. After getting listed on Hong Kong and Shanghai stock markets, CRRC has emerged as the largest global rail conglomerate in terms of sales and market value.
The order has come just before the proposed visit of Amit Mitra, the Finance Minister of West Bengal, who is looking out for investment opportunities for his state. According to the Indian officials, the minister along with his delegation will meet Chinese investors to point out the investment avenues in the state.