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Business

China and India find they're good for each other

CSR Nanjing Puzhen, a subsidiary of CRRC has supplied 16 trains of 4 coaches to Mumbai Metro. (Ghatkopar station in East Mumbai)

TOKYO -- Chinese companies are rapidly increasing investment in India. For smartphones, 15 Chinese companies have entered the Indian market since 2015 and some of them are starting local production to meet growing demand. Of late, China Railway Rolling Stock (CRRC), the world' largest railway car maker, has won orders for train cars for metro rapid-transit railway systems. Chinese joint ventures have also been set up in the autoparts and steel sectors.

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