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> 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.

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If there’s such a huge profit margin wouldn’t additional local firms have wanted to get in on the bidding?

India 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.

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