Many of us were wondering about the sourcing of finance which India would be requiring to build a Bullet Train.
Whereas Modi has got this project started with minimal burden on Indian resources, thanks to his friend PM Abe.
Now the point is, shouldn't China which has much deeper pockets and has always claimed to be a much more close friend of Pakistan, should help her like Japan helps India ?
http://indianexpress.com/article/in...cost-features-ahmedabad-inauguration-4843337/
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“Ek prakar se muft mein (In a way it is free),” Modi said reminding that the project was made possible
thanks to the Japanese loan of Rs 88,000 crore at an attractive 0.1 per cent interest to be repaid over 50 years. “In Shinzo Abe, India has found a friend no bank in the world could match,” Modi said. Japan is financing 81 per cent of the Rs 1.08 lakh crore project through the Japan International Cooperation Agency.
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In his address, Abe called Modi “my good friend” and wished to take the bullet train along with Modi when it completes. “My good friend Modiji has taken a decision (to build the bullet train). We have decided to totally support this decision of Modiji,” he said. Taking a leaf out of Modi’s style of inventing acronyms,
Abe said if you join Japan’s ‘Ja’ and India ‘I’, it becomes “Jai”, or victory in Hindi. “Our friendship with India has developed into a strategic and global partnership”