Indian Railways carries 23 million people daily on congested and aging tracks with roots dating back to British colonial rule. Sometimes, trains slow to a walking pace. India’s Prime Minister Modi plans to spend 8.5 trillion rupees ($137 billion) through 2020 on new tracks, including bullet trains and modern stations, as he looks to spur a manufacturing boom.
The project Japan is backing will see the financial capital Mumbai linked by a 508-kilometer (316-mile) high-speed track to the economic hub of Ahmedabad, the largest city in Modi’s home state of Gujarat. Japan has agreed to provide loans to cover up to 81 percent of the cost of one of India’s biggest infrastructure endeavors.
While Japan is happy to divvy up the huge market for urban transit in increasingly traffic-choked cities across Asia, Abe wants to take the lead in high-speed rail, according to Hiroto Izumi, an adviser to the prime minister who has been negotiating the rail deal with India. He said it’s important to get a foothold in Asia’s second-most populous country to outpace China, Japan’s primary competitor.
Japan’s sales pitch revolves around quality: its network boasts a record of zero fatal accidents in more than half-century of history. Izumi said Japan’s relatively high initial costs can be offset by lower repair expenses over a lifespan of decades.
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
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He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.