India’s
leap to High-Speed Corridor for Holistic Progress
*G.Srinivasan
As
India will commemorate its diamond jubilee in 2022 to mark its 75 years of
Independence, the NDA government has pulled up the socks to ensure that a
decade-long dream of having the first bullet train in India realized. The first
step in this direction is taken on September 14 in Gandhinagar, Gujarat when
the visiting Japanese Prime Minister Mr. Shinzo Abe and India’s Prime Minister
Mr. Narendra Modi laid the foundation stone for the maiden 508 km long
high-speed rail project between Mumbai, the commercial capital and Ahmedabad,
the iconic city of the country.
Mr.Modi
succinctly underscored the importance and significance of the rail project, the
first of its growth-propelling genre, by remarking that “more productivity with
high-speed connectivity” is what the nation would gain from the bullet train.
He rightly stated that the prestigious bullet train will be a game-changer,
besides being ‘a symbol of New India’ that his government seeks to build by
2022.
A
little background is in order to render the euphoria generated by this project
across the country a bit enduring and to highlight the huge challenges and
humongous opportunities ahead once the project is commissioned.
Mumbai-Ahmedabad High Speed Rail (MAHSR) project has been sanctioned for
implementation with technical and financial underpinnings from the Government
of Japan. National High Speed Rail Corporation Limited (NHRCL) has been
incorporated as a Special Purpose Vehicle (SPV) to undertake the implementation
of this project with a joint feasibility report contending that the project is
targeted for commissioning in 2022-2023. With the Prime Minister Mr. Modi keen
on commissioning the project on the 75th year of the country’s
independence in 2022, the project deadline is advanced by a year.
For
people inured to hearing and witnessing the wonders wrought by high-speed
trains in the continental European countries, Japan and China, the image of a
similar modern train criss-crossing the country’s major cities is a dream come
true. Many an analyst of global geopolitical trends say the picture of the
platypus-snouted blue and white Shinkansen (the name of the Japanese bullet
train) speeding past a snow-capped Mount Fuji has become a part and parcel of
Japan as its popular sushi. Since October 1964, when the first bullet train
broke the time it took to cover the 582 km between Tokyo and the commercial hub
of Osaka to four hours( now it is down to two hours, 22 minutes), the
Shinkansen has emerged as the iconic image of Japan’s post-war pinnacle to
economic supremacy in the globe. The Japanese bullet train exemplifies the archipelago’s
engineering efficiency and incredible standards of safety and punctuality. So
far, the Japanese bullet trains had carried ten billion passengers sans a
single accident or casualty with an average enviable delay of less than one
minute!
It
is small wonder that the Prime Minister Mr. Modi is fully convinced of the
worth and wealth it would bring forth to the economy through efficiency gains
of unquantifiable amounts. That is why in his foundation-stone laying ceremony
Mr.Modi said the high-speed corridor should be seen in the context of overall
economic development. He contended that considering the time it takes to reach
the airport and then take a flight and eventually reach the destination in the
city, the bullet train would take half the time for people to reach their
destinations, unhampered by any intervening and common obstacles such as
traffic snarls, pollution and road rage. This would also spawn a lot of savings
by consumption of fossil fuels.
For
Japan, the prestigious project in India has been hard-won as it deems
friendship with India a strategic gain and geopolitical victory of sort when it
outsmarted China by offering a loan worth 12 billion US dollars at 0.1 per cent
interest to be disbursed by India over 50 years. This duly takes care of over
80 per cent of the project’s estimated cost. Japan would also supplement the
financing with the largesse of technical assistance and training package.
The
bullet train project in India must perforce have to be viewed from a new
perspective. India’s first train way back in 1853 between Bombay-Thane covered
the 34 km distance in about an hour. More than several decades later and a
century, the average speed of the Indian Railways is among the slowest in the
world at 60 kms per hour. Even the country’s fastest train Gatiman attains a
top speed of 160 kms per hour. But, if things swing according to the
authorities’ calculations, the high-speed rail at its acme would operate at
more than twice this celerity to win credibility and concurrence of many an
Indian wishing to see a modern nation relishing panoply of comforts and
convenience.
For
critics bashing the bullet train project as baloney, it needs to be dinned that
over and above pulling traffic from air, rail and road, high-speed rail also
generates new traffic with people weighing the comfortable and convenient mode
of expeditious travelling as a new experience. In an economy plagued with low
and slow investment from private sector with the government doing the heavy-lifting
of public investment, this is a viable way of making exemplary use of low-cost
surplus capital sloshing in abundance globally to build modern infrastructure
in India. In fine, the high-speed rail project is bound to bring immeasurable
benefits to the Indian economy if the teething troubles and managerial snafus get
overcome through well-laid advance plans and rigorous executing standards and
sticking to deadline milestones with metronomic precision.
*****
*The author is formerly Deputy Editor The Hindu
Group and is currently freelance commentator on economic issues.
Views expressed in the article are author’s
personal.