Bullet Train

The last joint venture between India and Japan, in the field of transportation, that is, ‘Maruti Suzuki’ found itself to be a resounding success. This kept the path open for further such projects. And last year, Indo-Japanese relations took another step forward with the Bullet train project, covering a distance of 508 kilometers between Ahmedabad and Mumbai.
It is a 1.1 lakh crore project, out of which 80% will be funded by the Japanese government, to be paid back at 0.1% interest in the next 50 years, and the rest would be funded jointly by the Gujarat and Maharashtra government. The top speed of the train will be 320Kmph and it will cover the journey in 2 hours. And the ticket would could an estimate of 3000 Rupees.
It is a venture that is highly looked forward to as it will open many pathways for India, such as generating immense employment and lessening the travel time considerably. And without a tie-up with Japan, India would not have been able to find funding at such a low interest, and it would have taken a lot more time to develop such a technology on its own.
At the same time, there are speculations that this was not a good decision. As if we factor in the Yen to Rupee inflation in the future, India would owe Japan a lot more than estimated. And at 3000+ ticket cost, only a small segment would prefer traveling by the train.
Since the decision has already been taken, let’s hope that this decision puts India on the map as a front runner for growth and development.

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