The state-run China Railway Rolling Stock Corporation (CRRC) has announced that its first joint venture plant in India has started operations. The joint venture, named CRRC Pioneer (India) Electric Co. Ltd., is located in Haryana. The plant was set up with an investment USD 63.4 million and the Chinese side holds 51% of the shares.
The Indian plant will repair and manufacture railway locomotive engines. It will also provide technology support to India’s rail system and supply electric transmission systems to oil drilling, wind power generation and mining equipment making in India.
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