PM Narendra Modi addresses the gathering at the function of Mumbai-Ahmedabad High Speed Rail Project in Ahmedabad.
PM Modi says India has taken a huge step towards fulfilling its decades-long dream.
The PM congratulates the people of India on the launch of bullet train project.
PM credits Japan PM Shinzo Abe for the launch the project.
The bullet train project will create jobs, it is human and eco-friendly, PM Modi asserts.
We are now moving from connectivity to 'high-speed connectivity', the PM says adding that this is not the time for slow and steady development, its time to move with pace.
PM Modi heaps praise on the Japanese leader saying Shinzo Abe values India a true friend.
The PM thanks Japan for helping India by sanctioning the huge amount of money at a nominal interest rate and technology for the high-speed rail project.
Japan has agreed to provide Rs 88,000 crore at an interest rate of 0.1 percent to help India set up the bullet train, the PM says.
The bullet train project will provide thousands of direct and indirect employment opportunities, PM announces.
The PM says his government is focussed on developing waterways, railways and highways.
While Japan will be providing the technology, the bullet train will be assembled in India, says the Prime Minister.
Our railway network is so huge that number of people travelling in trains every week in India is equal to Japan's total population, the PM says.
The PM thanks Gujarat Chief MInister Vijay Rupani and Maharashtra CM Devendra Fadnavis for extending full support to the bullet train project.