- Bullet trains will be a reality soon in India. The contract to build the bullet train link between Mumbai and Ahmedabad is expected to be declared in favour of Japanese bullet train major Shinkansen at the weekend summit meeting between Japanese Prime Minister Shinzo Abe and Prime Minister Narendra Modi.
- Mr. Abe’s December 11-13 vis- it, will have a new set of guidelines that Japan has reportedly extended a Rs. 98,000-crore loan for the ultra modern high-speed train project.
- The new guidelines are meant to scuttle plans by rivals like China n the Indian infrastructure market.
- Another key initiative to be unveiled during the visit will cover transfer of technology in defence.
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