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Jun 19, 2015

Russian Railways says cooperation with India on railway infrastructure has good future

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"In the emerging multi-polar world, a partnership between Russia and India has great potential. Opportunities are opening up for business diversification and expansion into new markets, which is especially in demand in the context of the global economy's general slowdown," said Alexander Misharin, First Vice-President of Russian Railways. Misharin was speaking at the round table "Russia - India: Opportunities for Mutual Investment" held at the St. Petersburg International Economic Forum on 18 June 2015. At the moment, promising areas for cooperation in the field of rail transport are designing and constructing high-speed lines, upgrading existing sections of Indian Railways to increase train speeds to 160-200 kph, delivering, manufacturing and repairing locomotives, rolling stock and railway equipment and modernising railway stations. In addition, projects to create national "development zones" in India show significant investment potential, such as economic and industrial corridors, for example the Delhi - Mumbai industrial corridor that has already been implemented, as well as those in the planning stage: Bangalore - Mumbai, Chennai - Bangalore and Visakhapatnam - Chennai. According to Alexander Misharin, the greatest synergies from investments in these projects can be achieved by ensuring the integrated nature of Russian business proposals with several sectors being covered simultaneously.

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