Foundation stone laid for India’s first bullet train project -Governance Now

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

Delving deep into the mind of an ideologue

The New Icon: Savarkar and the Facts By Arun Shourie India Viking, 560 pages, Rs 999.00 When Vinayak Damodar Sava

18 Maharashtra districts being solar electrified

Maharashtra chief minister Devendra Fadanavis has said 18 districts in Maharashtra are being solar electrified. The solar electrification of primary health centers in eight districts has been completed, and work in other 10 districts of the state is in progress. The solar electrification ini

6G Spectrum Technology to be available by 2030

Currently, the 6G technology is under development phase at international level and is expected to be available by 2030. The PM released India`s 6G vision "Bharat 6G Vision" document on March 23, 2023 which envisaged India to be a frontline contributor in design, development and de

Maharashtra tightens liquor licence conditions

Maharashtra deputy chief minister Ajit Pawar who holds the Finance and Planning portfolios said on Tuesday that it will be mandatory to obtain a no objection certificate (NOC) for opening a liquor store in the commercial space of a housing society. Speaking in the legislative assembly,

Mahayuti 2.0 presents Rs 7 lakh crore budget for Maharashtra

Maharashtra deputy chief minister and finance minister Ajit Pawar on Monday presented the first full Budget of Rs 7 lakh crore of the Mahayuti government 2.0 for 2025-26 . Pawar presenting his 11th Budget in his speech said that the New Industrial Policy in the state is expected to attract R

The Rise of AI in legal practice: Challenges and opportunities

Artificial intelligence (AI) is transforming many sectors and industries around the world. It offers tantalizing possibilities for the legal sector. From automating routine tasks to enhancing legal research and analysis, AI is reshaping how legal professionals work. However, while AI offers numerous opport