Japan's Kawasaki Heavy Industries is close to winning a contract estimated to be worth up to $3-4bn to supply freight carriages to a new railway system in India, according to Japan's Nikkei Business Daily.
Kawasaki, together with German infrastructure provider Siemens, has expressed an interest in wagon manufacturing and freight handling.
The Indian Ministry of Railways has not taken a decision on the offer and is still in the process of inviting tenders.
India's Government plans to spend millions of dollars on railway infrastructure over the next five years.
Reported by staff writer
