Modi, Abe to set 'future direction' of partnership this week: MEA

Sep 14, 2017, 00:12
Modi, Abe to set 'future direction' of partnership this week: MEA

After laying the foundation stone, Abe and Modi will attend the India-Japan Annual Summit at the Mahatma Mandir.

Read Also: Ashram's all spruced up On September 14, Abe will attend the ground breaking ceremony of the Mumbai-Ahemdabad high-speed railway, a flagship programme of the India-Japan collaboration, marking the commencement of the project, also known as bullet train project. Prime Minister Modi had visited Japan in November previous year.

The most important take-away of Abe's visit is, of course, the high-speed rail networkor the bullet train.

The Ahmedabad-Mumbai bullet train will set the pace of running trains at speeds of over 250 km per hour, covering the 508-km distance in just two hours and seven minutes as against the existing travel time of 7-8 hours.

Of the Rs1,10,000 crore, Rs88,000 crore, or almost 85 per cent of the total cost, will come as a soft loan from the Japanese government.

Bullet train in India soon : 10 facts about the much-awaited high speed rail project

Union Railway Minister Piyush Goyal has said at a press conference "The project will integrate the Indian Railways to the global transportation technology and will help rewrite India's transport infrastructure narrative". People were seen waving Indian and Japanese national flags at several places.

Respecting to the healthy relationship of India with Japan PM Modi further said about strengthening the bilateral ties through a wide range of sectors. Shinzo Abe's visit will likely witness a more pronounced articulation of countering the Chinese influence. According to news reports from Tokyo, Japan is providing 81% of the funding for the estimated $17-billion project, through a 50-year loan at 0.1% annual interest.

The pact is created to help meet electricity demand in the fast-growing South Asian economy through nuclear power generation, but concerns remain that technology exported to India, which conducted nuclear tests in 1974 and 1998 without joining the Nuclear Non-Proliferation Treaty, could be used for military purposes. The 500-km railway service is expected to start in 2022-a year ahead of what was previously expected. In fact, a team of chefs from Delhi has flown to Ahmedabad for this occasion.

Ahmedabad's rising Japanese connection has spawned around eight restaurants which serve Japanese food in and around the city. The action plan to decrease the severe level of pollution in the Yamuna was partly funded by JICA.

The body has also funded a similar project in Andhra Pradesh.

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