China is to invest billions of dollars into India's railways, following a visit by the Chinese premier Xi Jinping to India this week, reports Reuters.
According to the Times of India, the Chinese investment into the railways, aimed at bringing high speed rail links and modernised stations, could be close to $50 billion.
"India has a strong, real desire to increase its cooperation with China and other countries to perfect and develop its rail system, and has concrete cooperation ideas," China's Assistant Foreign Minister Liu Jianchao told journalists last week.
"India is considering building high-speed railways, and China has a positive attitude towards this."
China is also looking to invest another $50 billion into other Indian infrastructure projects including powers and roads, reports Reuters.
China's offer, coming just a few weeks after Japan offered to supply bullet trains to India, will include not only a supply of around six bullet trains but the finance for it too.
According to the Times of India, the Chinese investment into the railways, aimed at bringing high speed rail links and modernised stations, could be close to $50 billion.
"India has a strong, real desire to increase its cooperation with China and other countries to perfect and develop its rail system, and has concrete cooperation ideas," China's Assistant Foreign Minister Liu Jianchao told journalists last week.
"India is considering building high-speed railways, and China has a positive attitude towards this."
China is also looking to invest another $50 billion into other Indian infrastructure projects including powers and roads, reports Reuters.
China's offer, coming just a few weeks after Japan offered to supply bullet trains to India, will include not only a supply of around six bullet trains but the finance for it too.