India: The country’s Railway Minister Ashwini Vaishnaw told this to the media after presenting the $30.4 bln railway budget for the fiscal 2024 (April–March).
India is now building a 510 km high-speed line linking Mumbai and Ahmedabad with financial support from Japan.
Last year, a tender was announced for the supply of 24 Shinkansen E5 EMUs with a commercial speed of 320 km/h and a design speed of 350 km/h. The tender conditions allow only Japanese suppliers to participate and require six trains to be assembled in India.
Vaishnaw announced that the country would complete the electrification of the rail network soon, as well as planned to build 40,000 km of new track in 6–8 years and modernise 40,000 coaches of the Indian Railways fleet to Vande Bharat safety standards in 5 years.
Read a detailed ROLLINGSTOCK feature about the the development of India’s rolling stock production sector.