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The Gujarat government has signed a memorandum of understanding (MoU) worth Rs 67,000 crore with the National High Speed Rail Corporation Limited (NHSRCL) during the Vibrant Gujarat Global Summit for component manufacturing for the Ahmedabad-Mumbai bullet train project.
“We have signed an MoU with the Railways. The authority will manufacture bullet trains in the state and this will generate about Rs 67,000 crore business here,” said Gujarat Chief Minister Vijay Rupani.
The Gujarat government will bear 25 per cent of the total project cost of the bullet train project and will provide land and facilitate implementation of the project. Total cost of the entire project is estimated at Rs 97,000 crore at a project schedule of six years.
Rupani said, “This agreement will benefit micro, small and medium enterprises (MSMEs) of Gujarat and generate huge orders from this project for them.”