India seems to be keen on setting up a high-speed bullet train route between Mumbai & Ahmedabad. The technology to setup bullet train will be provided by Japan. The project is expected to cost about $1billion in Yen-based loans to India. France too is interested in setting up their TGV high-speed railway network in India; but the Japanese seem to have won Indian Prime Minister Man Mohan Singh's heart. The overall length of the route is expected to be about 500 kilometers. The technical reviews of the route are expected to be complete by 2014.
Japan Railways Group operates the 'Shinkansen' which is a network of high-speed railway lines in Japan. The maximum operating speed of the train is about 320 kmph and test runs have already cracked the 440 kmph barrier. The maglev trains are way faster than the bullet trains with a record speed of 581 kmph.
We wonder why Indian government has not opted to trust Indian engineer to design and develop high-speed trains in India than taking up loans from Japan to acquire decades old technology. It'd be an interesting mega-engineering project for Indian engineers.