Poging GOUD - Vrij

BITING THE BULLET

Business Standard

|

November 13, 2024

The Bullet Train has been a 'dream project'. Can it become a reality anytime soon?

- DHRUVAKSH SAHA & SHINE JACOB

BITING THE BULLET

In February of 2007, J.P. Batra, Railway Board chairman at the time, presented the idea of a high-speed rail to then Railway Minister Lalu Prasad Yadav. A socialist inspired by Jayaprakash Narayan, Yadav said his principles would never allow a premium train only the bourgeoisie could afford.

Batra, already credited with the Deccan Odyssey, a luxury tourism train, was so keen on the project that he defied the minister and convinced Prime Minister Manmohan Singh to give the green signal. Batra and Finance Commissioner R. Sivadasan visited Gujarat and other states without even informing Yadav.

The Railway Board even considered a proposal to fund the project on the lines of the Cochin International Airport Ltd, the first airport in the country to operate under a public-private partnership with a robust stakeholder base of 19,000 investors, mostly non-resident Indians.

At that time, the estimated cost for the Ahmedabad-Mumbai route was ₹25,000 crore.

Sivadasan and his peers hail the Gujarat trip as the turning point for the project. The state government, under the then Chief Minister Narendra Modi, not only promised its unconditional support but also approved ₹10 crore for a feasibility study in Gujarat within a matter of hours.

Railway veterans say this sowed the seeds of the flagship Bullet Train project of the Bharatiya Janata Party government under Prime Minister Modi when he took charge in 2014.

As Batra signed off from the Railway Board in 2007, the project went off track. Two years later, though, socialist leader Yadav took a bullet train journey between Tokyo and Kyoto.

MEER VERHALEN VAN Business Standard

Business Standard

Labour Codes impact: HCL tech profit slips 11%

Q3 top line beats Street estimates, bottom line misses expectations

time to read

2 mins

January 13, 2026

Business Standard

New labour Codes, restructuring weigh on TCS earnings

Tata Consultancy Services (TCS), India’s largest information technology (IT) services firm, saw its profit impacted in the October-December quarter by restructuring and changes in labour Codes.

time to read

1 min

January 13, 2026

Business Standard

Business Standard

Black drives the thrill for car buyers

Sees a surge in yearly sales, while white remains practical 'utility king'

time to read

2 mins

January 13, 2026

Business Standard

CHOOSING THE RIGHT B-SCHOOL TO MATCH YOUR CAREER GOALS

Success comes when you pick an institution that fits your professional dreams and your personality, helping you become the leader you want to be

time to read

2 mins

January 13, 2026

Business Standard

Business Standard

China’s PVC rethink to help India pipe makers

Supply likely to tighten after S-PVC rebate withdrawal

time to read

2 mins

January 13, 2026

Business Standard

Responsible growth

India must ensure data centres are sustainable

time to read

2 mins

January 13, 2026

Business Standard

India’s GenZ is full of creativity: PM

Prime Minister Narendra Modi on Monday said India's GenZ is full of creativity and with innovative ideas, energy and purpose, the country’s youth is at the forefront of nation-building.

time to read

1 min

January 13, 2026

Business Standard

Business Standard

Iran wants to negotiate after threats to attack, says Trump

At least 572 killed in protests; Tehran says situation ‘under full control’

time to read

2 mins

January 13, 2026

Business Standard

Insurers knock on Irdai door for clarity on director overlap ban

CLAUSE THREATENS BOARD STRUCTURES AT BANK-BACKED FIRMS SAYS INDUSTRY

time to read

2 mins

January 13, 2026

Business Standard

Delhi HC allows Zydus to sell generic version of cancer drug

Citing public interest, the Delhi High Court has cleared the way for Zydus Life-sciences to proceed with the sale of its version of the cancer drug nivolumab in India.

time to read

1 min

January 13, 2026

Listen

Translate

Share

-
+

Change font size