Foundation stone laid for India’s first bullet train project

Japanese prime minister Shinzo Abe says his country is committed to Make in India

GN Bureau | September 14, 2017


#Bullet train   #Japan   #Shinzo Abe   #Narendra Modi   #Gujarat   #Ahmedabad   #Mumbai  


 Foundation stone of the 508 km long Ahmedabad-Mumbai high speed rail project was jointly laid by prime minister Narendra Modi and his Japanese counterpart Shinzo Abe on Thursday at Sabarmati in Gujarat.

Abe said the Japan government and Japanese companies made efforts to realise India’s dream of having a high speed train. He said Japan is committed for Make in India initiative and ready to extend all possible help to India. 
 
“Japan needs a stronger India and India needs a stronger Japan,” Abe said. 
 
Modi said India’s first bullet train project would bring a social change and is an example of strong friendship of both the countries. 
 
The project would be executed at the cost of Rs 110,000 crore. Japan is giving a loan of Rs 88,000 crore at an interest rate of 0.1 percent which is to be repaid to Japan in 50 years. The interest would be paid after 15 years of receiving the loan from Japan.
 

Comments

 

Other News

India should deepen energy partnerships with Africa

The vulnerability of Strait of Hormuz continues to influence energy politics globally. India is highly dependent on imported crude oil as a significant portion of its oil imports still come from the Gulf ultimately making such disruptions particularly consequential and has immediate economic ramifications

The rupee stumbles: Can India Inc. chip in?

Every time the Indian rupee weakens to a new record low, the conversation follows a familiar script. The RBI intervenes. Economists debate the current account deficit. The government appeals to citizens to cut consumption. And within a few news cycles, attention moves on, until the next record low arrives.

Provisional answer key for civil (prelim) to be released soon after exams

For the first time, the Union Public Service Commission will release the Provisional Answer Key for the Civil Services (Preliminary) Examination 2026, soon after the exam, to enhance transparency and uphold the highest standards of conduct of examination.   Terming it as “a

Thinking about thinking: How the mind (or AI) works

Tom Griffiths is one of those scientists working at the cutting edge of cognitive science and AI. He is a professor of psychology and computer science at Princeton University, and directs the Computational Cognitive Science Lab and the Princeton Laboratory for AI. His first book for general readership &lsq

`M`rashtra muni. corpns face major governance, citizen participation gaps`

A statewide consultation organised by Praja Foundation has highlighted major governance, financial, and citizen participation gaps across Maharashtra’s Municipal Corporations, calling for urgent reforms to strengthen urban local bodies in line with the 74th Constitutional Amendment Act. &nb

When children stay healthy, they stay in school

Learning Begins with Wellbeing The future of education is often discussed through the lens of classrooms, technology, and learning outcomes. Yet one of the most critical drivers of a child’s ability to learn remains surprisingly overlooked: their health.  


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter