The 508 km high-speed rail link to Mumbai is seen as PM Modi's efforts to demonstrate India's capability to build high-tech projects.
Finally, the long wait for 'Bullet Train' is over as Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe laid the foundation of India's first high speed rail project.
Starting his speech with 'Nameste', PM Shinzo Abe said Japan is committed to the scheme of 'Make in India' and will do whatever possible for India.
"I really like Gujarat and I really like India. I will do whatever I can for India", PM Abe said.
Calling PM Modi as a dear friend and a far sighted leader, PM Abe said Japan will always support India and will work together for the betterment of both the nations.
"I would like to state that India-Japan partnership is special, strategic and global," PM Shinzo Abe added.
In a jam packed Athletic Stadium, PM Abe further added that both nation will work towards realizing 'Jai Japan- Jai India'.
Prime Minister Narendra Modi also heaped lavish praises on Japanese PM Shinzo Abe and said that he took personal interest and assured that there should be no glitches in the project.
Stating the importance of transportation, PM Modi said transport system is of prime importance for a nation's development.
"Now next generation growth will happen at places where there are high speed corridors," PM Modi added.
Thanking Japan for providing loans at such low interest, PM Modi said if one says take loan and return it in 50 years, is it believable? But Japan is such a friend, they gave us loan of 88,000 cr at 0.1 per cent interest.
"On 75 years on India's independence around the year 2022-23, wish that both PM Shinzo Abe and I inaugurate the bullet train," said PM Modi.
Japan International Cooperation Agency (JICA) and the Union Railway Ministry have inked a memorandum of understanding for the 508-km corridor, with Japan to partially fund the project.
Dear friend PM Modi is a far sighted leader,he made a decision of making New India&chose Japan as partner, we completely support it: PM Abe pic.twitter.com/pwjjrjgVtB— ANI (@ANI) September 14, 2017
Accommodating 750 people, the bullet train is expected to reduce the travel time between the two cities from seven to roughly three hours.
India's first high speed rail project inaugurated by PM Modi & Japanese PM Shinzo Abe in Ahmedabad. pic.twitter.com/YMK0urdAra— ANI (@ANI) September 14, 2017
The project, which is expected to be commissioned by 2022, will have a dozen halts. A 21-km-long tunnel will be dug between Boisar and BKC in Mumbai, seven km of which will be under the sea.
Later in the day, PM Modi and PM Abe will participate in the 12th Annual Bilateral Summit in state capital Gandhinagar.
This will be the fourth annual summit between PM Modi and PM Abe, where they are expected to review the progress in the multifaceted cooperation between India and Japan under the framework of their Special Strategic and Global Partnership.
PM Abe arrived on Wednesday on a two-day visit and was received by Prime Minister Modi at the airport who then took the visiting dignitary and his wife to the historic Sabarmati Ashram and a famous 16th century mosque before indulging in dinner diplomacy at a heritage property.