Finmin signs MoU with Japan for Bullet train training centre

India will be a step closer to the bullet train that would help drag the world’s 4TH largest Railways into the 21st century on Thursday.

The project gets off the ground on September 14, with a ceremony near Sabarmati station to be attended by PM Modi & Japanese counterpart Shinzo Abe, whose country is providing the know-how, and a generous soft loan, of close to Rs 90,000 crore, for the project.

The Finance Ministry today signed an agreement with Japan to set up a training institute for Ahmedabad-Mumbai bullet train project along with others agreements, predicting a total loan commitment of about Rs 6,000 crore. The countdown to India’s first bullet train from Ahmedabad to Mumbai began today with Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe launching the Rs 1.10 lakh crore project.

The top speed of 350 kmph is not the only thing thrilling about this train. Passengers will also get the thrill of riding under the sea, a first in the country, near Thane at a maximum speed of 350 km per hour.

A push to ‘Make in India’ :

Japanese steel and engineering companies are in the driver’s seat to bag major supply contracts for a $17 billion Indian bullet train, several sources said, undermining a key component of Prime Minister Narendra Modi’s economic policy — a push to ‘Make in India’.