Japan poised to build India’s first bullet train

TOKYO: Japan is set to build India’s first bullet train, with Tokyo financing the project through an $8 billion loan to New Delhi, a leading Japanese business daily reported on Tuesday.

The Nikkei, which did not cite sources, said the bullet train will link the cities of Mumbai and Ahmedabad and that the two countries will issue a joint statement about the deal on Saturday during Prime Minister Shinzo Abe’s visit to India, where he will meet Prime Minister Narendra Modi.