Its September 14th 2017. A great day in Indian history. Today, Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe, laid the foundation stone for the Mumbai-Ahmedabad bullet train at the athletics ground near Sabarmati railway station. This is India's first bullet train. The Japanese PM Shinzo Abe spoke in Japanese at the inauguration, but began his speech with "Namaskar" and ended his speech with "Dhanyawad."
Trust PM Narendra Modi to have a sense of occasion. India's first bullet train will be ready by August 15th 2022....Just in time to coincide with India's 75th Independence Day. So what is a bullet train? Our bullet train will jet along a high speed rail network where trains can go with top speeds of 320 Kms per hour or perhaps more. Currently the US, Japan and China have well developed high speed railways (HSR) and China has over 22,000 Kilometers of high speed railways. So India will soon be in an elite group of Nations which operate bullet trains.
Bullet trains can transform train travel in India and push our country on the superfast track to growth. Want to know more on investment planning? We at IndianMoney.com will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. IndianMoney.com is not a seller of any financial products. We only provide FREE financial advice / education to ensure that you are not mis-guided while buying any kind of financial products.
PM Narendra Modi and Japanese Prime Minister Shinzo Abe are very good friends. Japan is giving India the knowhow (practical knowledge or skill/expertise) to build and operate the high-speed rail system. Yes...Japan is giving us the money.
Japan will fund 81% of the project which is nearly INR 88,000 Crores through a soft loan. For those who don't know, a soft loan is a loan at very low interest. This is a loan at 0.1% per annum for over 50 years + a 15 year grace period.
The bullet train project is a joint venture between Indian Railways and Japanese firm Shinkansen Technology at the cost of INR 1.1 Lakh Crores. Shinkansen which means new trunk line, is a network of high-speed railway lines in Japan operated by five Japan Railway Group Companies. The bullet train will ply between Mumbai and Ahmedabad on a track length of around 509 Kms. Expect the bullet train to travel at an average speed of 250 Kms per hour and a top speed of 320 Kms per hour.
This is more than double the speed of the fastest train in India. The Gatiman Express which travels between Agra and Delhi widely regarded as India's fastest train, runs at 160 Km per hour.The bullet train will run through 351 Kms in Gujarat and about 156 Kms in Maharashtra.
Most of the railway track on which the bullet train moves will be elevated to avoid the problems of land acquisition. There would be 12 stations for the bullet train.The bullet train will zip between Mumbai and Ahmedabad carrying around 700+ passengers. The bullet train will reduce travel time between Mumbai and Ahmedabad from 7-8 Hours to around 2 hours.
Expect fares on the bullet train to be 1.5 times that of the first class AC fare. So, you could be paying around INR 3000-5000 for the bullet train ride. The bullet train will travel trough a 21 Km tunnel and will emerge above the ground at Thane. Out of the 21 Km long tunnel, 7 Kms will be under the sea.
So why has PM Modi chosen Japanese firm Shinkansen Technology for the high speed railway (HSR) project?
Shinkansen has a 50 year track record of less than a minute delay. It also has 0 passenger fatalities. Advanced sensors can even detect an earthquake at a very early stage and automatically stop the train.
SEE ALSO: Bullet Trains In India Good or Bad?
The bullet train will be a massive boost to PM Modi's Make in India Programme. Expect less than 20% of the components required for the bullet train project to be sourced from Japan. This is a massive boost for Make in India.
More than 4,000 technicians will be trained in operating high-speed track technology at the dedicated High Speed Rail Training Institute, which will be established at Vadodara. These technicians will be used in operation and maintenance of the High Speed Railway, as these are highly skilled staff. So less dependence on foreign staff. These skilled technicians can be the backbone for the future development of other high speed corridors in India.
About 300 young officials of the Indian railways will be trained in Japan and will get an exposure to high-speed track technology. Serving Indian railway officials will be offered 20 seats per year for master degree courses from the universities of Japan. This programme will be funded by the Japanese Government.
The bullet train project could create jobs for nearly 20,000 citizens in the construction sector. There could be more than 16,000 indirect employment opportunities. It could also boost urban and industrial development along the route.
Indian railways is exploring a plan under Make in India to make similar trains and then export them. The Japanese funded project also promotes technology transfer.
SEE ALSO: Invest With The Power Of Bharat-22
The bullet train can take Indo-Japanese friendship and co-operation to new heights. Japan is the master of high speed railway networks and India is definitely looking in the right direction. Its gain-gain for both sides. India will be the first Nation to import the iconic Shinkansen bullet trains, after Taiwan. Welcome India to the era of the bullet train. Be Wise, Get Rich.
Mr. C S Sudheer is the founder and CEO of IndianMoney.com – India’s largest Financial Education Company. He started his career with ICICI Prudential Life Insurance and later on worked with Howden India. After his brief stint in Howden India, he moved on and incorporated Suvision Holdings Pvt Ltd which is the sole promoter of IndianMoney.com. He aims to build a nation that is financially literate with investment savvy citizens.
Subscribe to our Youtube Channel
Hello friend! I am your personal financial advisor. By the end of this interactive session, I will help you to plan yours and your family's finances to ensure a better future.