On being asked if it was true that Japanese companies would meet at least 70 per cent of core components for India's first Bullet train and its track, Minister of State for Railways Rajen Gohain said that it was not.
"Japanese component for the project is estimated to be about 18.6 per cent of the total project cost. Make in India is an integral part of the project," he said without elaborating on the components.
According to the ministry, as per the current estimate, procurement from Japan will be about 18 per cent of the project cost.
He said that this was constituted to provide a platform for "Indian and Japanese companies to come together and facilitate tie-ups by way of formation of joint venture and transfer of technology."
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The Bullet train project is targeted for completion by the year 2022-23.
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