INXX - India Faces Lack Of Domestic Steel Options For Railway Development Initiatives
By Sohrab Darabshaw
The railways sector is one of the high-growth areas in India so far as infrastructure is concerned.
Much of it still runs on a setup that its former colonial ruler, the British Empire, left behind, and then some. In a bid for modernization, which includes a bullet train, India wants steel for new and replacement rail tracks, wagon wheels and so on.
There are billions of dollars' worth of contracts to be given out, but there's a problem. There are barely two domestic companies that can provide what the Indian