Bullet train to be operational by 2028: Fadnavis
Mumbai, Apr 28 (PTI) The USD 15 billion Mumbai-Ahmedabad bullet train project being built in collaboration with Japan will be operational by 2028, Maharashtra Chief Minister Devendra Fadnavis said on Monday.
Fadnavis also said the state is looking to raise USD 50 billion from international financiers for infrastructure development in the state, and announcements for the same will be done in four months.
Without naming Shiv Sena's Uddhav Thackeray, Fadnavis said the bullet train project suffered during a two-year rule until 2022, but now the work is on in full swing.
"By 2028, we will be able to travel in the bullet train," Fadnavis said, conceding that neighbouring state Gujarat is ahead of Maharashtra on the project development.
Fadnavis said creating infrastructure is very important to achieve the goal of USD 1 trillion GSDP, and that USD 30 billion was invested in infrastructure creation during his first stint as the chief minister between 2014-19, and more money is being put into important projects now.
Speaking at an event on the India-Middle East Europe Economic Corridor (IMEEC) project organized by VRF here, he said the Vadhavan port will be operational in the next 3-4 years.
He said the port, being built on reclaimed land, will help reduce the cost of logistics, pointing out that the turnaround time at JNPA, India's largest container port located nearby, is higher.
The Vadhavan port will also have an adjoining airport which will be built through land reclamation on the sea, Fadnavis said, adding that many major cities in the world have such airports.
It will also have a halt for the bullet train, Fadnavis said.
The chief minister said Maharashtra is building a highway from Nashik to Vadhavan port which will ensure that 17 districts of the state get connected with the modern port.
The state is building the Shaktipeeth highway to connect Nagpur with Goa, Fadnavis said, adding that this road project passing through the backward regions will also help boost the economic growth.
He said Mumbai and Maharashtra will play an important role in the IMEEC, and assured that the state will create the facilitating ecosystem for the project to be a success.
Speaking at the same event, Sanjeev Krishan, the country chairperson of consulting firm PwC said the corridor, when combined with existing trade routes, will have a multiplier effect on the global economy.
First Published: 28 Apr 2025, 05:20 PM IST
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
State will be 1st to reach 100% target of Awas acheme: CM
1 2 3 Pune: Chief minister Devendra Fadnavis on Tuesday said Maharashtra is set to provide 30 lakh houses to homeless people under the Pradhan Mantri Awas scheme and become the first state in India to achieve 100% of the target. He also said a fresh survey would be carried out to identify homeless people who are yet to benefit. The CM was speaking at a PM Awas Yojana award function in Pune with Union minister Shivraj Singh Chouhan as the chief guest. Deputy CM Ajit Pawar was also present at the event. Fadnavis said, "The central govt considered the socio-economic survey of 2011 to identify homeless people when the scheme was launched. However, it was full of faults. Only 10 lakh people from the state were named and housing sanctioned to them all. We carried out a fresh survey in 2018 and the number had gone up to 30 lakh." Meanwhile, the state govt has expedited the process to provide necessary permissions for houses sanctioned by the Centre to the 30 lakh people. "Maharashtra will become the first state in the country to achieve 100% target under the PM Awas scheme," he added. During his speech, Chouhan told the state govt to do yet another survey to zero in on more homeless people. "The Centre has sanctioned houses to all homeless people in Maharashtra as per the 2018 survey. However, I urge the state to conduct a fresh one to see if anyone falling under the category has been left out. If the state provides a fresh list, we will sanction it too." Pune: Chief minister Devendra Fadnavis on Tuesday said Maharashtra is set to provide 30 lakh houses to homeless people under the Pradhan Mantri Awas scheme and become the first state in India to achieve 100% of the target. He also said a fresh survey would be carried out to identify homeless people who are yet to benefit. The CM was speaking at a PM Awas Yojana award function in Pune with Union minister Shivraj Singh Chouhan as the chief guest. Deputy CM Ajit Pawar was also present at the event. Fadnavis said, "The central govt considered the socio-economic survey of 2011 to identify homeless people when the scheme was launched. However, it was full of faults. Only 10 lakh people from the state were named and housing sanctioned to them all. We carried out a fresh survey in 2018 and the number had gone up to 30 lakh." Meanwhile, the state govt has expedited the process to provide necessary permissions for houses sanctioned by the Centre to the 30 lakh people. "Maharashtra will become the first state in the country to achieve 100% target under the PM Awas scheme," he added. During his speech, Chouhan told the state govt to do yet another survey to zero in on more homeless people. "The Centre has sanctioned houses to all homeless people in Maharashtra as per the 2018 survey. However, I urge the state to conduct a fresh one to see if anyone falling under the category has been left out. If the state provides a fresh list, we will sanction it too."
The Print
an hour ago
- The Print
Allahabad HC stays arrest of music producer Sunil Yadav in kidnapping case
According to the prosecution, Anupama was in love with Sunil Yadav, and they were going to get married in April this year. A two-judge bench comprising Justice Siddhartha and Justice Ram Manohar Narayan Mishra also issued notice to Sushmita Yadav, a sister of the alleged victim, Anupama Yadav. Prayagraj, Jun 3 (PTI) The Allahabad High Court has stayed the arrest of music producer Sunil Yadav, who was booked allegedly for kidnapping a woman whom he had signed for an album, a court official said on Tuesday. On February 19, Sunil Yadav came to Anupama's house and said he had to go to Nepal for wedding shopping. He took Anupama in a car, a Mahindra Scorpio. After two hours, Surya Kumar Yadav, Sunil's brother, got a call from Anupama, who told him Sunil was not taking her to Nepal, but to Bihar. After the call, her mobile phone became unavailable. On February 22, around 9 am, Sunil Yadav told Sushmita over the phone that Anupama was not with him. Sushmita has since alleged that Sunil Yadav has either sold her sister, aged 25, or murdered her. Sunil Yadav alleged that the two sisters ran a blackmail racket. According to his counsel, Sunil Yadav had given Anupama a role in an album and paid her around Rs 6 lakh. But she refused to work on the album, and subsequently fabricated the kidnapping story, he claimed. On February 23, Sunil Yadav was booked under sections 87 (kidnapping, abducting or inducing a woman to compel her marriage, etc) of BNS at the Kotwali Police Station in Deoria district. PTI COR RAJ VN VN This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
News18
an hour ago
- News18
Quick Routes Int'l exits Zinka Logistics; pares 9% stake for Rs 672 cr
New Delhi, Jun 3 (PTI) Quick Routes International on Tuesday exited Zinka Logistics Solutions by selling a 9 per cent stake in the company for Rs 672 crore through open market transactions. Zinka Logistics Solutions is the parent entity of logistics unicorn Blackbuck. According to the bulk deal data available on the NSE, Quick Routes International sold more than 1.59 crore shares in two tranches, representing a 9 per cent stake in Zinka Logistics. The shares were offloaded in the price range of Rs 420.06-420.25 apiece, taking the combined transaction value to Rs 671.76 crore. In a separate transaction on the NSE, Peak XV Partners' affiliate Peak XV Partners Investments VI disposed of 12.10 lakh shares in Zinka Logistics Solutions for Rs 53 crore. The shares were sold at an average price of Rs 444.71 per piece, taking the deal size to Rs 53.84 crore. Meanwhile, Abu Dhabi Investment Authority, Massachusetts Institute of Technology, ICICI Prudential Mutual Fund, SBI Mutual Fund and Nomura India acquired a total of 83.87 lakh shares or cumulatively a 4.73 per cent stake in Bengaluru-based Zinka Logistics. Details of the other buyers of Zinka Logistics' shares could not be ascertained on the National Stock Exchange (NSE). In a separate bulk deal on the BSE, private equity firm Accel through its affiliates — Accel India IV (Mauritius) and Accel Growth Fund V — divested a 2.7 per cent stake in Zinka Logistics Solutions for Rs 204 crore through open market transactions. The shares were sold in the price range of Rs 420.04-420.29 per piece, taking the aggregate deal value to Rs 203.78 crore. Details of the other buyers of Zinka Logistics Solutions' shares could not be identified on the exchange. Shares of Zinka Logistics Solutions rose 1.43 per cent to close at Rs 443.75 apiece on the BSE, and it went up by 0.96 per cent to settle at Rs 441.85 per piece on the NSE. PTI HG AMJ AMJ AMJ First Published: June 04, 2025, 02:00 IST
