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India and Japan have signed a landmark agreement worth approximately ₹1.2 lakh crore to expand the country’s high-speed rail network beyond the existing Mumbai–Ahmedabad bullet train corridor, the Ministry of Railways announced at a joint press conference in New Delhi on Wednesday.

Under the new agreement, Japan International Cooperation Agency (JICA) will co-finance two additional high-speed rail corridors: Delhi–Amritsar and Hyderabad–Chennai, with both projected for completion within the next decade. The technology and rolling stock will again be based on Japan’s Shinkansen system.

Railway Minister Ashwini Vaishnaw called the deal “a defining moment in India’s infrastructure journey,” noting that the expanded network would eventually cut travel time between major metros by up to 70 percent. He added that Bhopal is expected to be integrated into a future high-speed link between Delhi and Mumbai as a key midpoint station.

The agreement also includes provisions for the transfer of manufacturing technology to Indian entities, with a new Shinkansen component manufacturing facility planned for Nagpur’s MIHAN industrial zone. Approximately 50,000 direct construction jobs are projected over the project lifecycle.

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