India in talks to buy 18 E5 Series bullet trains from Japan for ₹70 billion
New Delhi: If things go as planned then the Indian government will launch country’s first bullet train by 2023. As per information center is setting grounds to purchase 18 E5 Series bullet trains from Japan for ₹70 billion. The Bullet Train project is financed via soft loans from the Japan International Cooperation Agency (JICA) . India is likely to spend around ₹70 billion on procuring the first batch of Bullet Train. The train will run between Mumbai and Ahmedabad route. Very soon tender for purchasing Bullet Train from manufacturers in Japan will go live. The model will be the very popular Shinkansen E5 Series. This model was launched in 2011 and can travel up to a speed of 320 km/hr. It will have three classes of seating arrangements. In keeping with ‘Make in India’ initiative Hitachi and Kawasaki manufactures from Japan will set up production facilities in the country. This will give a major boost to the initiative and help in creating employment in t...