February 8, 2017 - 5:01pm
Indonesia’s state-owned railway manufacturer PT Industri Kereta Api (Inka) is preparing to produce 240 railway carriages for exports to Bangladesh.=
“The process is now underway. All necessary requirements have been fully met. A total of 240 carriages will be exported to Bangladesh and 90 others to Sri Lanka,” Neteal News quoted the company’s president Agus Purnomo, on Saturday as saying.
He said the total value of export contracts from Bangladesh and Sri Lanka reached $200m. He expressed hope that the products would clear technical tests, with confirmation about them from Bangladesh expected in March or April.
PT Inka exported 150 railway carriages to Bangladesh worth $72m last year.
Purnomo admitted that his company had faced stiff competition from China in the two projects. He remarked that Inka had competed in terms of price, as the interest rate in China was lower.