India bit the bullet train in the latest round of the New Delhi-Tokyo strategic embrace.
On Thursday, in a ground-breaking ceremony held in Ahmedabad, Gujarat, Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe laid the foundation stone for the 508-km long Mumbai-Ahmedabad High Speed Rail project. While all eyes were on the Rs 1 trillion bullet train project, the annual summit between Mr Modi and Mr Abe gave rise to a number of other path-breaking proposals.
One of them was for Japanese nuclear firms to work with Indian partners to build and develop reactor components, moving away from the practice of simply contracting to purchase entire reactors. The other was to look at co-developing defence equipment. Then there is the formal launch of a joint economic corridor in Africa. All of this comes on top of existing Japanese projects like the various multi-billion dollar industrial corridors and urban transport systems that dot the Indian landscape. Read More…
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