India and China are likely to sign
an MoU for cooperation in Railways during the forthcoming
visit of Chinese President Xi Jinping in September, a senior
Chinese diplomat said here.
"In terms of cooperation in the construction and overhaul
of the existing railway system across India, China had sent an
advance team here, which held a first round of consultations.
And then an MoU is very much likely (to be signed) when the
Chinese President comes to India in September," Consul General
of China in Mumbai Liu Youfa told PTI on the sidelines of a
CII event on the weekend here.
Last week, a 22-member high-powered Chinese delegation
headed by deputy administrator of National Railway
Administration Zheng Jian visited India and held talks with
the top brass of Central Railway in Mumbai.
During the meeting, the two sides discussed cooperation
in raising speed of trains on existing routes, training of
heavy haul transportation and station development under
strategic economic dialogue, among other issues.
"India can take China as a testing ground. China has
gone through the pain of overhauling the redundant railway
system. China started trains which were running at 90 km per
hour and today it has built up a whole national network of
bullet trains which run at a speed of 300 km per hour. So,
China could be the place for India to seek reference from,"
The two countries can also form a strategic plan on how
to proceed with cooperation in overhauling the existing
railway system across India and to build a fast train, he
Referring to the recent endorsement of setting up a
BRICS bank, which will be headquartered in Shanghai and headed
by India for the next six years, the Chinese diplomat said
that funding for these projects can be availed from various