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>>>>> But there are some countries, like India, that might seem well-positioned to use this same strategy. Yet when I spoke with people familiar with India’s ef
by ramshanker 3y ago
>>>>> But there are some countries, like India, that might seem well-positioned to use this same strategy. Yet when I spoke with people familiar with India’s effort to build its first high-speed rail line, for example, they were frustrated that India didn’t do more to get technology and know-how from their Japanese partners. <<<<<
For 2 reasons. 1st: Ours is financed by Japan with long term loan. 2nd: We value good relations with many countries. Afterall, for complex projects such as High Speed Rail, there are many disciplines involved. Civil, Mechanical Traction, Electrical, Signaling and so on. No need to learn all of them in one go. There are 10+ projects coming up. We will get the technology eventually, voluntarily by competitive bidding among players. A good chunk of our High Speed rail projects are being executed by Indian contractors. They are really learning and gaining the experience.
PS: My employer had the opportunity to oversee some of the domestic contractor's execution based on Japanese specifications. We learned quite a lot.
- JumpCrisscross 3y ago> good chunk of our High Speed rail projects are being executed by Indian contractors. They are really learning I know one of these families. Their learning consists of a profit margin five time greater than the foreign competition.
- MichaelZuo 3y agoIf there’s such a huge profit margin wouldn’t additional local firms have wanted to get in on the bidding?
- intev 3y agoIndia has rampant corruption. Almost all the "winners" in bids are pre selected. There is no real competition, hence the fat profit margin. To be fair, a significant part of the "profits" gets sent up the food chain to ensure more contracts keep coming.