Connect with us

Featured

Why is Japan Unhappy with Bullet Train Project in India?

Published

on

The construction of a new high-speed railway line or Bullet Train Project in India, connecting Mumbai with the industrial city of Ahmedabad is underway. The Bullet Train Project in India is to be constructed after Japan’s Shinkansen system is a result of an agreement between Japanese PM Shinzo Abe and his Indian counterpart, Narendra Modi.

The Japanese Government seems to be perturbed by Bullet Train project in India. Tensions are already mounting due to rising costs due to haphazard policies of the Indian government, as per Japan Times.  The land acquisition for the Bullet Train project is advancing at a very slow speed. Since India is a democratic country, the government is unable to acquire land at a fast speed, which is delaying the project and mounting the costs.

Is US Offering F-22 Raptor to India under Make in India Program?

Indian PM Narendra Modi recently approved, in principle, for the diversion of 77 hectares of forest land for the ₹1.08 lakh crore bullet train project. The authorizations have come with a rider that the remaining insufficiencies on pending claims under the Forest Rights Act, 2006, in proposals submitted by Gujarat and Maharashtra, must be cleared out as soon as possible. 

A pathbreaking commemoration was held in Ahmedabad which was attended by both Abe and Modi for the Bullet Train project in India. The total cost of the project was set at 1.08 trillion INR. Of that total, 880 billion INR designated for the actual construction work is to be funded by loans from the Japanese government with an astonishing interest rate of 0.1 percent per annum and repayable in 50 years. The agreement of the loans, which a Japanese Foreign Ministry official said are “exceptionally generous,” demonstrate how fascinated Tokyo is with the Bullet Train project.

Japan to Partner India to Counter Rising China Military Power

Even though elevated tracks were initially planned to cover 144 km’s which is approximately 28% of the total the elevated portions have been made much longer and the embankments much smaller. According to Japan Times, the Indian government made the modifications as they believed it was time-consuming to purchase land and pose inherent vulnerability of trains colliding with people and cattle. The real reason for modification was that purchase of land is not covered by loans from Japan and India just wanted to reduce the cost of constructing Bullet Train. Eventually, about 90% of the entire Bullet Train project in India will be elevated. Now Japan faces the probability of foolishly pouring in massive amounts of Japanese taxpayers’ money into the Indian Bullet Train project.

Must Read at EurAsian Times: Is Growing Chinese Influence Hampering Pakistan FDI and Turning Investors Away?

Advertisement
Advertisement

Facebook

FEATURED

F-15EX-india F-15EX-india
Featured50 mins ago

No More Rafales! Why Indian Air Force Could Reject Second Batch Of Dassault Rafale Jets?

As the Indian Air Force (IAF) looks to further bolster its aerial fleet after the successful acquisition of French Dassault...

US-CHINA-INDIA-JAPAN US-CHINA-INDIA-JAPAN
Americas5 hours ago

US To Re-Impose Biting UN Sanctions On Iran Despite Global Objections

The US will reimpose biting UN sanctions on Iran that were removed as part of a 2015 nuclear pact struck...

F-35-INDIA F-35-INDIA
Featured6 hours ago

Not J-20s, China Could Field Another ‘Stealth Jet’ To Counter US’ F-35s, Indian Rafales

As tensions boil over Taiwan, the US and China have ramped up efforts in the field of defense innovation as...

army-soldiers army-soldiers
Featured7 hours ago

Amid Afghan Peace Talks, Two Pakistan Army Soldiers Ambushed Near Afghanistan Border

 Two Pakistan Army soldiers were killed on Saturday in a clash with suspected militants near the country’s northwestern border with...

Chinese-Military-Base Chinese-Military-Base
Asia Pacific17 hours ago

Is China Threatening To Shoot-Down ‘Civilian Airlines’ Operating Over The South China Sea?

China has warned the US after it flew its ‘spy planes’ over the South China Sea several times electronically disguising...

Demonetization-Narendra-Modi Demonetization-Narendra-Modi
Featured17 hours ago

Narendra Modi Second Indian Prime Minister To Win Ig Nobel Prize 2020

Indian Prime Minister Narendra Modi has been awarded the Ig Nobel Prize for 2020 for ‘Medical Education’. The award is...

CPEC-Project CPEC-Project
Featured21 hours ago

India vs Pakistan: Why Are India’s COVID-19 Cases Inflating While Pakistan Has Almost Overcome The Pandemic?

While India has literally been brought to its knees by the COVID-19 pandemic with almost 100,000 cases reported daily, the...

Sheikh-Mujibur-Rahman-Movie Sheikh-Mujibur-Rahman-Movie
Featured21 hours ago

India, Bangladesh, Agree To Enhance Border Patrol, Curb Border Killings

India and Bangladesh on Saturday agreed to launch joint border patrols to curb killings and crimes. in the border region....

INDIAN-ARMY INDIAN-ARMY
Featured24 hours ago

Has The Indian Army Captured ‘Pious’ Mount Kailash From China?

An image of the Indian Army soldiers near the sacred Mount Kailash is being shared on social media which is...

US-Drone-Strike US-Drone-Strike
Americas1 day ago

US Looks To Replace Its Deadly MQ-9 Reaper Drones & Northrop Unveils A New ‘Breakthrough’ Concept

As the U.S. Air Force seeks a replacement for the MQ-9 Reaper drone, US defense giants Lockheed Martin, Northrop Grumman...

Advertisement