India has signed a MoU with China on Railway Sector recently

                                    

                       India and China has recently signed a Memorandum of Understanding (MoU) on Technical Cooperation in Railway Sector. Considering the present scenario (which is quite worse) of the Indian Railway, this MoU may help to improve the overall condition in that sector.

                             The Railway Sector is any day one of the most important sector of any country and to walk on the path of development it should be developed with time accordingly.

                                            Mr. Vinay Mittal, who is the Chairman of Railway Board, Ministry of Railways, Government of India, has signed the MoU on behalf of India, while Mr. Wang Zhiguo, Vice Minister, Ministry of Railways, Government of the Republic of China, signed on behalf of China. Both the signatories expressed their happiness on the MoU.

                                          According to the MoU, both the countries will enhance mutual cooperation across the various key areas of Rail Technology. The technologies which are included in the said MoU are like High Speed Rail, Heavy Haulage and Station Development. That’s not all the two sides even undertake exchange of various information on important policies, and training. Many exchange programmes, site visits and joint symposiums will be arranged by both of the parties.

                                          It has to be mentioned here that both the country have agreed to the future cooperation on railways. They will carry the mutual bonding under the Infrastructure Working Group constituted under the India-China Strategic Economic Dialogue.

                                         The MoU will remain actively in force for five long years from the date of signing. We hope it will help both the parties in a really big way. Such MoUs are the need of any developing nation, as it gives the momentum to the growth rate.