Undersea tunnels, homegrown tech, and a doubled budget: India's ₹2-trillion bullet train finally gathers speed
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓India’s ₹2-trillion bullet train project is finally gathering speed with construction moving fast across the Mumbai-Ahmedabad corridor.
- ✓Railway minister Ashwini Vaishnaw said the Surat-Vapi section is expected to be ready by December.
- ✓Local businesses near Surat are already setting up shops, hopeful that the new high-speed rail will bring growth.
Story at a Glance
- Category
- MARKET
- Reported By
- mint
- Reading Speed
- 15 Minute(s)
- Market Focus
- India Economy
Summary
From Surat's soaring viaducts to an undersea tunnel near Mumbai, India's ₹2-trillion bullet train is breaking ground. Shaking off delays and Japanese supply snags, a homegrown high-speed ecosystem is taking shape. Can this massive gamble finally outrun its price tag?
Surat: Along the approach to the under-construction bullet train station in Surat, a small ecosystem of businesses is already beginning to take shape. Tea stalls, food outlets, transport operators and small traders are positioning themselves around what they expect will become a new commercial node once India's first high-speed railway begins carrying passengers.
For some of them, the attraction is less about travelling on the train than about what its arrival could mean for the city. Many may never buy a bullet train ticket, but they take pride in seeing a train that has so far been associated with Japan, China and Europe take shape in their own city.
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