Shun China: BEML ready to cut metro tender cost
(WorldNews India)

Chinese firm had outbid PSU by Rs 400 cr for 216 Metro coaches Public Sector Undertaking Bharat Earth Movers Ltd (BEML), which recently lost a Rs 1,600-crore-contract to a Chinese firm to manufacture 216 Metro coaches has expressed willingness to reduce its bid price substantially. The offer to the Bangalore Metro Rail Corporation Ltd (BMRCL) for re-negotiating the tender comes at a time when India`s relationship with China is turning sour and India is considering minimising its business ties with China. Earlier this year, China-based CRRC...