Key highlights

1. India's rail system, the world's fourth largest, seeks investment of USD 137 billion over the next five years.

2. Beijing has been pushing India to accelerate work on a multi-billion dollar rail link from New Delhi to Chennai as the Asian giants put economic ties before regional rivalries.

3. Indian Railways Minister Suresh Prabhu said last week that India and China were finalising agreements in the rail sector in the run-up to Modi's visit.

4. Prabhu gave no details, but a railway official said India was considering a Chinese proposal for a pilot project on the Delhi-Agra stretch of the proposed 1754 km high-speed corridor to Chennai running through the heart of India.

5. “China has been asking that they start work up to half-way along the line even while the feasibility study is going on," an official informed.

6. China has offered to provide India financing for building the high-speed network.

7. A notice on China's national railway bureau website last month said a delegation visited India from April 25-29 at the invitation of India to talk about accelerating the Sino-Indian railway cooperation document.

8. Talks were positive and the sides reached broad consensus.


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