Japan ready to invest $140 billion for modernizing 400 railway stations in India

Indian railways are soon going to become different, modern and better! Japan is going to contribute towards modernizing 400 railway stations all across the country. Not just this, but Japan will also invest $140 billion for Indian Railways in the next five years.

The project is all set to begin and the first step is going to be of studying opportunities. A Japanese delegation is going to visit India anytime soon and research and see what opportunities are there for the industries in the development plans for Indian Railways. 400 stations will be upgraded across India.

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Suresh Prabhu, India’s Railway Minister was recently in Japan and he discussed to make cooperation in order to strengthen the rail sector. He had several high level conferences with Mr. Shinzo Abe, the Japanese PM, Taro Aso Deputy PM and Finance Minister with few other seniors and ministers. Suresh Prabhu highlighted that Indian Railways needs to be a major destination towards infrastructure investment.

The discussion also included the fact that certain areas of the railways need to be modernized and there has to be technological upgrade with the help of Japanese railways and companies. Japan has agreed to modernise and upgrade. Other than that, they have also agreed in assisting India’s public transport in reaching the zero-accident mission.

A MoU will be signed by the Research Designs & Standards Organisation with the Railway Technical Research Institute of Japan to start out the project and researches to finalise the plan.

Mr. Prabhu had also held few other meetings with the heads of some of the leading financial institutions in which he highlighted the investment plan for the Indian Railways. Apart from modernizing and developing railway stations, Japan will also help the Indian rail sector in providing expert tips and technology to maintain sanitation issues and also to develop clean, odourless toilets at the stations and in the trains.

Not just this but the country is also planning out developments in Indian Railways for high speed railway in India.

We hope that Suresh Prabhu, who is on a two-nation trip to Japan and Korea since the 7th of September gears in Korea to provide investments and resources for the development of Indian Railways.

 

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