Posted By Tushar Mehta
Post Date: 16/12/2015
Japan, after a recent win of a $15 billion rail endeavor in India over China, is willing to market its bullet train technology to a high-speed line which is being proposed between Singapore and the Malaysian capital cities, opening a new market for companies from Hitachi Ltd. to Mitsubishi Heavy Industries Ltd.
The Japanese government endorses such a bid, asserted Japanese Transport Minister Keiichi Ishii. Co-operation between the government and key business leaders was critical in grabbing the deal with India in the previous week.
Japan, which built the world’s first high-speed train more than half a century ago, is revamping efforts to transship its bullet-train technology to actualize Prime Minister Shinzo Abe's pledge to triple infrastructure exports to 30 trillion yen ($248 billion) by 2020.
Singapore and Malaysia have nominated a rail connection between Singapore and Kuala Lumpur that will reduce the travel time for the 300-kilometer (180-mile) journey to 90 minutes, from at least four hours by road.