A Quora user who wondered whether India “actually” needs a bullet train would not have expected the country’s railway minister Piyush Goyal to answer his question.
The debate over the viability of India’s first bullet train project on Mumbai-Ahmedabad route is back again.
India’s first bullet train, set to debut in 2023 between Prime Minister Narendra Modi’s home state Gujarat and Maharashtra, may not have been planned on a very profitable route, an activist’s RTI or Right to Information query has revealed.
With an ambitious China threatening its supremacy in the export of super-fast train systems, Japan appears keen to sell its ‘Shinkansen’ (Bullet Train) technology to India
Prime Minister Narendra Modi highlighted the fact that Japan had offered India a 50-year loan at just 0.1% interest to fund the Ahmedabad-Mumbai bullet train link when he inaugurated the project with his Japanese counterpart Shinzo Abe in the Gujarat city earlier this month.
The Japanese investment in India will continue to rise as the East Asian country is keen to expand offshore investments to generate opportunities for its construction and engineering firms, according to BMI Research.
As India takes a giant leap with plans to have a bullet train, it is estimated that about 20,000 jobs will be created from it, according to a State Bank of India research note.
On the day Prime Minister Narendra Modi and Japanese Prime Minister Shinzo Abe laid the foundation stone for a Rs-1,10,000-crore ($17 billion) bullet train, the Jammu Tawi-New Delhi Rajdhani Express jumped the tracks at New Delhi station,
Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe on Thursday laid the foundation of India’s first high speed rail project, linking country’s commercial capital Mumbai to Ahmedabad, the main city in Modi’s home state Gujarat.
Robust economy and high speed bullet trains of Japan are inseparable. Japan’s economic progress coincided with the success of bullet trains in the country.