PM Modi- Abe bat for transforming India's transportation sector

Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe on Saturday batted for transforming India's transportation sector through various mediums, one of which is to put in place High Speed Railways (HSR) with the help of high speed technology.

Both Prime Ministers welcomed the signing of the Memorandum of Cooperation on the introduction of Japan's High Speed Railways (HSR) technologies (the Shinkansen System) on the Mumbai-Ahmadabad route.

Prime Minister Modi himself appreciated Japan's consideration of providing highly concessional yen loan for HSR on the Mumbai-Ahmadabad route.

Both the nations are expected to further explore the strengthening of the partnership in HSR sector.

Prime Minister Modi and Abe were of the view that the imperatives of a stronger bilateral strategic partnership require deep and broad-based cooperation and concrete actions in defence, security, economic and cultural fields.

The joint statement also focused on the future-oriented partnership raises the between both the nations collaboration to a new level in areas of infrastructure manufacturing and high technology, including advanced transportation systems, civil nuclear energy, solar power, generation, space, biotechnology, rare earths and advanced materials.