GCTL8.com (FocusAsia Media Ltd)
BEIJING, Dec 5 (FAM) – In August, CRRC’s first joint venture plant in India/South Asia started operations. India has one of the world’s most extensive rail systems.
The joint venture, CRRC Pioneer (India) Electric Co Ltd, is based in Bavo Industrial District, Haryana state, near the national capital New Delhi. The manufacturing base saw an investment of $63.4 million. The Chinese side holds a 51 percent stake in the venture.