Friend’ Japan has given Rs 80,000 cr at 0.1% interest for bullet train: PM Narendra Modi
Ahmedabad: Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe will lay the foundation stone of the ambitious Rs 1.08 lakh crore Ahmedabad-Mumbai bullet train project on Thursday.
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10:30 AM
PM Narendra Modi addresses the gathering at the function of Mumbai-Ahmedabad High Speed Rail Project in Ahmedabad.
PM Modi says India has taken a huge step towards fulfilling its decades-long dream.
The PM congratulates the people of India on the launch of bullet train project.
PM credits Japan PM Shinzo Abe for the launch the project.
The bullet train project will create jobs, it is human and eco-friendly, PM Modi asserts.
We are now moving from connectivity to ‘high-speed connectivity’, the PM says adding that this is not the time for slow and steady development, its time to move with pace.
PM Modi heaps praise on the Japanese leader saying Shinzo Abe values India a true friend.
The PM thanks Japan for helping India by sanctioning the huge amount of money at a nominal interest rate and technology for the high-speed rail project.
Japan has agreed to provide Rs 88,000 crore at an interest rate of 0.1 percent to help India set up the bullet train, the PM says.
The bullet train project will provide thousands of direct and indirect employment opportunities, PM announces.
The PM says his government is focussed on developing waterways, railways and highways.
While Japan will be providing the technology, the bullet train will be assembled in India, says the Prime Minister.
Our railway network is so huge that number of people travelling in trains every week in India is equal to Japan’s total population, the PM says.
The PM thanks Gujarat Chief MInister Vijay Rupani and Maharashtra CM Devendra Fadnavis for extending full support to the bullet train project.
We are now moving from connectivity to ‘high-speed connectivity’, the PM says adding that this is not the time for slow and steady development, its time to move with pace.
japanese PM Shinzo Abe begins his address with “Namaskar”.
Japan PM speaks at the function of Mumbai-Ahmedabad High Speed Rail Project in Ahmedabad.
Japanese PM Shinzo Abe begins his address with “Namaskar”.
Abe praises ‘friend’ PM Modi saying, “The Indian Prime Minister is a far sighted leader, he made a decision of making ‘New India’ and chose Japan as partner, we completely support it.”
“Japan is committed to the scheme of ‘Make in India’,” Abe announces.
“Our industries are working with India to give a boost to manufacturing in India,” the Japanese PM says.
“I would like to state that India-Japan partnership is special, strategic and global,” he further says.
“I hope to enjoy the beauty of India through the windows of the Bullet Train when I come to India in a few years,” the Japanese PM says.
10:16 AM
PM Narendra Modi and Japan PM Shinzo Abe lay foundation stone for India’s first High Speed Rail project.
10:11 AM
Gujarat CM who is also taking part in the event says, “The entire Gujarat is experiencing immense joy today.”
10:10 AM
Maharashtra Chief Minister Devendra Fadnavis who is sharing the dais with PM Modi and Abe, says we are not only laying the foundation stone of bullet train, but also laying foundation of ‘New India’.
09:59 AM
Railway Minister Piyush Goyal greets Shinzo Abe, says the Bullet Train will be a symbol of brotherhood between the Indians and the Japanese.
09:56 AM
PM Modi and his Japanese counterpart inspect a model of the high speed rail from Mumbai to Ahmedabad.
09:51 AM
PM Modi and Shinzo Abe arrive at the stage for inauguration of High Speed Rail from Mumbai to Ahmedabad.
09:56 AM
PM Modi and Shinzo Abe arrive at the stage for inauguration of High Speed Rail from Mumbai to Ahmedabad.
Ahmedabad: PM Modi & Japanese PM Shinzo Abe inspect a model of the high speed rail from Mumbai to Ahmedabad #BulletTrain pic.twitter.com/yJPq14WVPy
— ANI (@ANI) September 14, 2017
09:05 AM
Japan’s first lady Akie Abe to visit Blind People’s Association in Ahmedabad.
08:02 AM
PM Modi and Abe are expected to deliberate on cooperation in the nuclear energy sector.
A landmark civil nuclear deal between the two countries providing for collaboration between their industries in the field had come into force in July.
07:51 AM
There may be specific discussions on the long-pending Indian proposal to buy the US-2 amphibious aircraft from Japan and joint development of military equipment to further deepen the defence ties in sync with strategic partnership between the two countries.
India is expected to seal the deal to buy the US-2 amphibious aircraft from Japan.
If the deal goes through, India will buy 12 US-2 ShinMaywa aircrafts in flyway condition and another 18 will be jointly manufactured in India.
WATCH LIVE frm Ahmedabad via ANI FB-PM Modi & PM Shinzo Abe to lay foundation stone for High Speed Rail #BulletTrain https://t.co/3mo97GWqBv pic.twitter.com/ikz9Q6lcB0
— ANI (@ANI) September 14, 2017
Notably, last year, China had reacted angrily to reports that Japan plans to sell weapons to India at cheaper prices, saying that such a move is disgraceful.
Defence Minister Arun Jaitley and his Japanese counterpart Itsunori Onodera on September 5 held wide-ranging talks, as part of the India-Japan annual defence ministerial dialogue in Tokyo during which issues relating to the US-2 amphibious aircraft also figured.
07:45 AM
PM Mod and Abe will hold the 12th Indo-Japan annual Summit meeting at Gandhinagar after which agreements will be exchanged. Later, an India-Japan business plenary meeting will be held.
Fifteen agreements will be signed for investments in Gujarat during the visit of the Japanese prime minister.
This is the fourth annual summit between Modi and Abe, where they are expected to review the progress in the multifaceted cooperation between India and Japan under the framework of their Special Strategic and Global Partnership.
Japan is one of only two countries with which India has such an annual summit mechanism, the other being Russia.
The two Prime Ministers will also attend an India-Japan Business Leaders Forum.
07:34 AM
Highlights of the high-speed rail project:
The bullet train will run at an average speed of 320 km per hour with a maximum speed of 350 km per hour.
508-km Mumbai-Ahmedabad High Speed Rail Project will entail an estimated cost of Rs 1,10,000 crore.
The distance of 508 km will be covered in two hours and seven minutes by the bullet train if it stops at four stations namely Ahmedabad, Vadodara, Surat and Mumbai.
In a day, the high-speed train will make 70 Ahmedabad-Mumbai sorties.
Source(zee news)
