China-Singapore railway project to hit Indian exporters

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Beijing, Aug 27: Indian exporters will face a serious threat once the $707-million Yuxi-Mengzi railway line, which links Kunming in Yunnan province in southwest China with Singapore, becomes operational by this year end. The rail link will cover over 2,000 km in countries like Vietnam, Laos, Thailand and Singapore.

The announcement came ahead of the meeting between Chinese Commerce Minister Chen Deming and his Indian counterpart Anand Sharma at the joint economic group meeting in New Delhi on Monday. Beijing also has plans to set up railway lines between Kunming and Mynamar, extending upto Bangladesh. It has also joint plans with Pakistan to set up railway links near the Indian border in the northwest.

The railway projects, once become operational, will pose serious strategic and economic challenges to New Delhi.

OneIndia News

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