Modi, Abe set to lay foundation for bullet train
The Indian Prime Minister, Narendra Modi, and his Japanese counterpart, Shinzo Abe, are set to lay foundation for the ambitious bullet train project this week in Ahmedabad.
As per the report, it will cost a sum of over one lakh crore rupees for India to complete this project. It is learned that Japan will pay nearly eighty-one per cent of the total money required to create this project.
The 508 km high speed train project will pass through Thane, Virar, Boisar, Vapi, Bilimora, Surat, Bharuch, Vadodara and Anand, connecting Ahmedabad and Mumbai.
Noteworthy, though the project demands a huge investment, it is not likely to produce as much job opportunities as it is expected it would.
Unfortunately, during the construction period, it, as per the preliminary information, will only create below twenty thousand job opportunities.
Anyway, the project is expected to boost the ‘Make in India’ program as most of the project’s components are going to be made in India itself.
Experts say that this is the first time that such a huge amount has been offered by a foreign country to the Indian infrastructure sector.
Experts add that it indicates the confidence of the country, which has offered the investment, in the India’s growth potential.
Vignesh
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