A consortium led by Chinese and Indian railway companies has been chosen to conduct a feasibility study on a 1,200-kilometer high-speed railway line between New Delhi and Mumbai, indicating that Chinese railway firms are making rapid strides in the lucrative Indian market.

The consortium, led by Third Railway Survey and Design Institute Group Corporation, a subsidiary of China Railway Corporation, beat 11 consortiums from countries including Germany, France and Italy in the bidding process, CRC said in a statement on Wednesday.

"Chinese railway companies are competitive in terms of advanced technology, reliability and better price ratio," said the statement.