Bullet train to be operational by 2028: Fadnavis
Fadnavis also said the state is looking to raise USD 50 billion from international financiers for infrastructure development in the state, and announcements for the same will be done in four months.
Mumbai, Apr 28 (PTI) The USD 15 billion Mumbai-Ahmedabad bullet train project being built in collaboration with Japan will be operational by 2028, Maharashtra Chief Minister Devendra Fadnavis said on Monday.
'By 2028, we will be able to travel in the bullet train,' Fadnavis said, conceding that neighbouring state Gujarat is ahead of Maharashtra on the project development.
Fadnavis said creating infrastructure is very important to achieve the goal of USD 1 trillion GSDP, and that USD 30 billion was invested in infrastructure creation during his first stint as the chief minister between 2014-19, and more money is being put into important projects now.
Speaking at an event on the India-Middle East Europe Economic Corridor (IMEEC) project organized by VRF here, he said the Vadhavan port will be operational in the next 3-4 years.
He said the port, being built on reclaimed land, will help reduce the cost of logistics, pointing out that the turnaround time at JNPA, India's largest container port located nearby, is higher.
The Vadhavan port will also have an adjoining airport which will be built through land reclamation on the sea, Fadnavis said, adding that many major cities in the world have such airports.
It will also have a halt for the bullet train, Fadnavis said.
The chief minister said Maharashtra is building a highway from Nashik to Vadhavan port which will ensure that 17 districts of the state get connected with the modern port.
The state is building the Shaktipeeth highway to connect Nagpur with Goa, Fadnavis said, adding that this road project passing through the backward regions will also help boost the economic growth.
He said Mumbai and Maharashtra will play an important role in the IMEEC, and assured that the state will create the facilitating ecosystem for the project to be a success.
Speaking at the same event, Sanjeev Krishan, the country chairperson of consulting firm PwC said the corridor, when combined with existing trade routes, will have a multiplier effect on the global economy. PTI AA ANU ANU
This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
12 minutes ago
- India.com
Bad news for employees of this company as it plans to lay off over 24000 workers due to…, not TCS, Infosys, Apple, Amazon, Google, Microsoft, it is…
In today's technology landscape, massive layoffs have become normalized. Several high-profile tech companies are letting go of thousands of employees, not for performance reasons but as part of company-wide restructuring. Companies from small startups to large global organizations are restructuring their workforce to save costs, implement new technologies, or reorganize for a rapidly changing technology setting. Now, Intel, one of the world's largest chipmaking companies, plans to lay off around 24,000 employees this year. Yes, you heard it right. According to the TimesOfIndia report, Intel will lay off roughly 24000 employees this year, which is about 1/4 of the employees of Intel. The new CEO, Lip-Bu Tan, is making significant changes in order to cut costs and improve the company. As part of that process, Intel has also scrapped plans to expand into Germany and Poland. The semiconductor titan employed 99,500 core workers at the end of 2024. But now, it plans to drop that number to only 75,000 total employees by the end of 2025. CEO Lip-Bu Tan called these cuts 'hard but necessary decisions' in a memo shared with the company's employees on Thursday. In the memo on July 24, 2025, Tan stated in the memo,' I know the past few months have not been easy. We are making hard but necessary decisions to streamline the organization, drive greater efficiency and increase accountability at every level of the company.' The job cuts include layoffs already in the second quarter, in which Intel removed about half of its layers, and was a restructuring with a $1.9 billion in total costs. While writing to the employees, Tan stated, 'There are no more blank checks. Every investment must make economic sense.' The company reported a net loss of USD 2.9 billion, which included restructuring-related costs associated with the most recent layoff. Revenue for the quarter was flat USD 12.9 billion, still above the expectations of the market. This marks the longest period of time in 35 years that the company has lost money, with six quarters in a row. Even after the company generated more money than Wall Street was anticipating, Intel continues to fall further behind competitors in the rapidly growing AI business, especially Nvidia and AMD.
The Wire
12 minutes ago
- The Wire
Nishant Singhal has been appointed as the CEO of Healthians
New Delhi, 24th July 2025: 'We have demonstrated that right unit economics at scale and tech driven integrated business processes can deliver profitability for Digital First Healthcare service providers. Our business prospects and processes are fully aligned to deliver positive EBITDA not only in FY 26 but also in years to come with Revenue growth higher than industry average. Healthians has significant pricing leverage which will help in driving growth besides volumes', said Nishant Singhal, Board Member & CEO at Healthians. Outside of Healthians, Nishant continues to be a prominent voice in India's startup ecosystem. He is known for mentoring and backing purpose-driven entrepreneurial ventures across industry verticals. Nishant Singhal has embarked on an exciting new chapter in his professional journey, stepping into the role of Chief Executive Officer at Healthians, India's leading 'At Home' diagnostics and health-tech platform. This move reflects a natural progression in Nishant's long-standing association with Healthians. Nishant came in as a seed investor in Healthians on behalf of Yuvraj Singh's start up fund. He has been an active Member of the Board of Directors since 2017. He also took up the role of Chief Operating Officer for over 3 years till mid of 2023. Healthians scaled up on all fronts during this period including 18X revenue and volume growth, setting up of over 22 labs and expansion to 300 cities. Healthians also raised over USD 100 mn during this period from prestigious investors like Westbridge Capital, Beenext and Evolvence Fund. His deep operational understanding and strategic leadership have helped shape the company's expansion and innovation-driven culture. 'It's always exciting to lead what you built over last few years. We are on a transformative journey to build scale and profitability i.e. Healthians 3.0. We will be delivering our best business performance in FY 26,' said Nishant Singhal. Nishant has been actively involved in leading the business since February 2025 and the impact is immediately visible. Healthians has recently announced that it has turned EBITDA and Cash positive in the Quarter ending June 2025. A first in Health Tech space and a much-awaited development. This comes as a 'Diagnostics at Home' category defining moment and that too from a Digital Native healthcare service provider like Healthians. The capability of Digital First players to deliver cash EBITDA has been a point of debate for over a decade now. It has been widely believed that most of the players will run out of cash and will eventually either significantly scale down or shut business. 'Healthians, a Digital First healthcare service provider, has always been at the forefront of driving best in class processes in Diagnostics at Home as a category. We have provided best in class diagnostic services to homes of over 1 million customers in the quarter ended June 2025, backed by our CAP Accredited and NABL accredited labs. We continue to lead the consumer and corporate wellness space with tech driven consumer-oriented services', said Nishant Singhal, Board Member & CEO at Healthians. Healthians has reported that the company is growing faster than all industry players on a YOY and Sequential basis. Healthians is also projecting FY 26 to be a fully EBITDA profitable year. (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR
&w=3840&q=100)
Business Standard
12 minutes ago
- Business Standard
India-UK trade deal pushes this liquor stock to 9-month high; do you own?
Globus Spirits share price hit a nine-month high of ₹1,275 today, surging 6 per cent on the BSE in Friday's intraday trade. Find out why the liquor stock is rising on India-UK FTA deal Mumbai Globus Spirits share price today Globus Spirits shares hit a nine-month high of ₹1,275 today, surging 6 per cent on the BSE in Friday's intraday trade, in an otherwise weak market on expectation of earnings improvement going ahead. The stock price of the liquor company was quoting at its highest level since October 2024. It had hit a 52-week high of ₹1,373.35 on September 17, 2024. Thus far in the calendar year 2025, Globus Spirits stock has outperformed the market by appreciating 47 per cent. In comparison, the BSE Sensex was up 3.9 per cent during the period. At 11:50
