Bullet train project: India eyes alternatives to Japan
Mint Mumbai|November 20, 2024
Delays in commission-D ing ofthe ₹l.08 trillion Mumbai-Ahmedabad bullet train have prompted India to explore alternatives to Japan as the Union government is keen to launch the ambitious project in 2026, ahead ofthe Gujarat assembly election the following year, three people aware of the development said.
Rajeevjayaswal & Rezaul H. Laskar
Bullet train project: India eyes alternatives to Japan

The Mumbai-Ahmedabad High Speed Rail (MAHSR) project was approved by the Cabinet in December 2015.

While a section in the government is keen to complete it before the Gujarat polls expected in November 2027, Japanese suppliers and technology providers are unwilling to commit to the deadline. This has forced New Delhi to consider alternatives in Europe, the three people added, requesting anonymity.

"An internal directive to prepare global tenders for various components of the bullet train project was issued by the competent authority in mid-September, but floating of tenders is on hold because the regime in Japan has changed and the new government is being given time to respond," one of the three, a person directly associated with the project said.

The Union railway ministry did not respond to a request for comment.

The Japanese government did not respond to queries sent to its embassy.

Bu hikaye Mint Mumbai dergisinin November 20, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Mint Mumbai dergisinin November 20, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MINT MUMBAI DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Mint Mumbai

RBI cautions about Das deepfake video

The Reserve Bank of India (RBI) on Tuesday cautioned public against \"deepfake\" videos of the governor being circulated on social media that claim the launch of or support to some investment schemes by the central bank.

time-read
1 min  |
November 20, 2024
Mint Mumbai

Blue Tokai eyes high growth before IPO

Coffee chain Blue Tokai is aiming for a nearly threefold jump in annual revenue by 2027 before it decides whether to go public, its top boss told Reuters on Monday.

time-read
1 min  |
November 20, 2024
Amazon expands exporter scheme
Mint Mumbai

Amazon expands exporter scheme

E-commerce major Amazon on Tuesday said it has expanded its cross-border logistics programme Global Selling Seller Exports and Delivery (SEND), which will help Indian exporters ship goods abroad.

time-read
1 min  |
November 20, 2024
Mint Mumbai

NTPC Green IPO subscribed 33%

The initial public offer (IPO) of NTPC Green Energy Ltd, the renewable energy arm of state-run NTPC Ltd, was subscribed 33% on the first day of the share sale on Tuesday.

time-read
1 min  |
November 20, 2024
Google's Anthropic deal cleared in UK
Mint Mumbai

Google's Anthropic deal cleared in UK

Google's partnership with AI firm Anthropic has avoided further scrutiny after the UK antitrust watchdog concluded it doesn't qualify for a full-blown investigation under merger rules.

time-read
1 min  |
November 20, 2024
'Big Billion Days' boost for Walmart
Mint Mumbai

'Big Billion Days' boost for Walmart

U.S.-based retail giant Walmart on Tuesday said its international sales in the third quarter got a boost from the 'Big Billion Days' sales event by its Indian e-commerce arm Flipkart.

time-read
1 min  |
November 20, 2024
NCR records threefold jump in patients with breathing issues
Mint Mumbai

NCR records threefold jump in patients with breathing issues

Doctors and hospitals in the Delhi-National Capital Region (NCR) said they are seeing a threefold jump in patients reporting respiratory ailments triggered by alarming air pollution levels.

time-read
1 min  |
November 20, 2024
Mint Mumbai

Paytm enables UPI payments abroad

Paytm owner One97 Communications on Tuesday said Paytm users will be able to make UPI payments at select international locations, including popular spots in the UAE, Singapore, France, Mauritius, Bhutan and Nepal.

time-read
1 min  |
November 20, 2024
Core biz to grow at 30% a year: Zomato
Mint Mumbai

Core biz to grow at 30% a year: Zomato

Food delivery major Zomato expects its key meal delivery business to grow at an annual rate of 30% over the next five years, a top executive said, hailing the listing of SoftBank-backed peer Swiggy as a boost for the sector.

time-read
1 min  |
November 20, 2024
Mint Mumbai

Adani Infra to buy 30% in PSP Projects

Adani Infra will purchase a 30.07% stake in construction firm PSP Projects for ₹685 crore, the latter said on Tuesday.

time-read
1 min  |
November 20, 2024