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India’s First ‘Bullet Train’ to be Constructed (Revised from Oct-11)

India and Japan are partnering up to construct India’s first ‘Bullet Train’ by August of 2022. During India 2014 election Mr Modi made vast promises to improve the network, and the Bullet Train was one of his key promises. 

The project is being funded by a $17 Billion loan from Japan with hopes strengthening ties. Over the next 5 years the project is expected to create up to 20,000 jobs. 4,000 of these jobs will be direct employment and 16,000 will be indirect employment opportunities. With this being first train of its kind in India this project will create new skills opportunities within the employees that will up the worker value within India. 


-India launches first bullet train project. (2017, September 14). Retrieved [online] October 11, 2017, from http://www.bbc.com/news/world-asia-india-41251210

-Nayak, G. (2017, September 14). India's bullet train might create 20,000 employment opportunities: SBI. Retrieved October 11, 2017, [online] http://economictimes.indiatimes.com/jobs/pm-modis-bullet-train-might-create-20000-employment-opportunities-sbi/articleshow/60516328.cms

Comments

  1. Mary SpaethOctober 31, 2017 at 8:53 PM

    I entered "India and Japan are partnering up" into a Google search and the results were rather astounding. The number of news stories about joint products between these two nations might surprise you too: trains, ports, political interventions in Myanmar, partners with the US Navy, partners in the African Development Bank, and more. Japan's bullet train WAS to have been built in the 80s in Texas.....oh well.

    ReplyDelete
  2. UnknownNovember 10, 2017 at 11:55 AM

    Very interesting, that these two are partnering up, even though they are not located that near to each other. I did some research myself, because I wanted to know how Japan benefits from this partnership and came across numbers of export and FDI. It seems, that since at least ten years, these two countries were important trading partners of each other, with (again) raising FDIs by Japan since the financial crisis. The founding for the bullet train will be $18 billion, what is more than three times the amount of the annual investment in 2016, which was $4.7 billion. Why is the bullet train so important, besides of the job its construction will create? Can Japan still profit from it, once it is finished?
    http://www.mofa.go.jp/region/asia-paci/india/data.html

    ReplyDelete
  3. UnknownDecember 9, 2017 at 2:37 PM

    Since Japan and India from the countries that have a lot of business ,export and import as well, it will help the two countries and will increase and create a lot of jobs.

    ReplyDelete

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