LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS

Read in App
Business News » India News

Modi, Abe launch India's first bullet train project

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Thu, Sep 14, 2017
12:59 pm
PTI
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe today launched India's first bullet train project between Ahmedabad and Mumbai.

Modi described the ambitious Rs 1.10 lakh crore project, which will cut travel time between the two cities from seven hours to less than three, as a "big gift from Japan to India".

Addressing crowds gathered at the Athletics Stadium in Sabarmati for the event, Abe said the Indo-Japan partnership was special, strategic and global.

"A strong India is in Japan's interest and a strong Japan is in India's interest," Abe said after the two leaders pressed a button, unveiling a plaque.

"My good friend Prime Minister Narendra Modi is a far-sighted leader. He took a decision two years ago to bring high-speed train in India and to create a new India," he said.

The Japanese prime minister added that he hoped to enjoy the "beautiful scenery of India through the windows of the bullet train' when he returns in a few years.

Congratulating the people of India, Modi said this was a "a bold step towards realising an old dream of a bullet train".

Lauding Japan, he said the country was such a friend that it gave a loan of Rs 88,000 crore at 0.1 per cent interest for the project.

Modi also took a dig at the opposition which had often sounded sceptical about the bullet train project.

"When earlier I talked about bullet train, they (opposition) used to say it was big talk, and now when it has come they are saying what is the need for it," Modi said.

"Our stress is now on high-speed connectivity which will improve speed, reduce distance and ensure economic progress," he added.

In 1964, Modi said, Japan started the bullet train and now this technology was in 15 countries.

"From Europe to China, the bullet train s image can be seen everywhere. Not just economical but also societal changes have been brought about by these trains, said Modi.

The train project between Ahmedabad and Mumbai is expected to be completed by 2022. The train would cover the distance of over 500 km in less than three hours.

Japan has extended a soft loan for the ambitious project conceptualised by Modi. The project is a joint venture between Indian Railways and Japan's Shinkansen Technology.

The prime ministers of the two countries also laid the foundation stone for an institute that will come up at Vadodara where around 4,000 people will be trained for the bullet train project.

Railway Minister Piyush Goyal, Gujarat Chief Minister Vijay Rupani and his Maharashtra counterpart Devendra Fadnavis were present on the occasion.

While Abe, who arrived here yesterday on a two-day visit, spoke in Japanese, Modi spoke in Hindi. Abe's speech was translated into Hindi.

Prime Minister Modi held an eight-kilometre road show with his Japanese counterpart Abe and his wife yesterday, the first such event by the Indian premier with a visiting head of government.

The visiting dignitaries and Modi paid homage to Mahatma Gandhi at the Sabarmati Ashram where the Father of the Nation lived for about 12 years.

Abe and Modi yesterday also visited the iconic medieval-era mosque, Sidi Saiyyed, in the city.

The two leaders will today hold the 12th Indo-Japan annual Summit meeting at Gandhinagar. An India-Japan business plenary meeting will be held later in the day.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

LATEST NEWS

IPO alert! Stove Kraft mobilises over Rs 185 crore from anchor investors

Policy reforms, sops and tax breaks? Key stock markets set to flare up as investors bet big on Budget 2021

Anand Mahindra to gift THAR-SUV to Natarajan, Mohammed Siraj, Thakur, Washington Sundar, Shubman Gill and Navdeep Saini

Budget 2021 Expectations: Mobile industry raises demand for GST rate cut in Union Budget 2021-2022

Just 42 pct girls allowed access to mobile phone for less than an hour a day: Survey

Employees Provident Fund (EPF) wage ceiling: PF deduction on Rs 21,000 instead of Rs 15,000 likely soon

Stock Market Outlook with Anil Singhvi: On Nifty, Bank Nifty, Market Guru reveals what will be critical for investors to watch out for

Policy proposal for employment generation, scale-up in MSME sector

Italy tells TikTok to block users after death of young girl

Microsoft roll back Xbox Live Gold price hike after backlash from gaming community

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved