Bullet train project hits a roadblock in India

Shinkansen bullet trains in Nagano, Japan. The new government of Maharashtra is reviewing a multibillion-dollar bullet train project, which India is developing in collaboration with Japan.
Shinkansen bullet trains in Nagano, Japan. The new government of Maharashtra is reviewing a multibillion-dollar bullet train project, which India is developing in collaboration with Japan.PHOTO: AFP

NEW DELHI - Indian Prime Minister Narendra Modi has taken a series of steps, including opening up sectors like defence, to attract foreign investment.

But recent U-turns by state governments on massive infrastructure projects have added to the climate of economic uncertainty in the country where growth has slowed.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.