There was a hue and cry in 1995 over the Pune Mumbai Expressway. When it was completed in 2000 ppl were still not happy. But now ppl are really praising about it. The Mumbai Airport drop cabs are also making heavy biz. The Ghat section is just superb So let us wait and watch.
Will there be enough passengers who can afford to shell out such exorbitant fares to enable 3 trips every hour.By the time,the project is commissioned,the fare will rise to Rs 5000/- per trip.It looks like a Muhammad bin Tughlak project.
Re: Bullet Train.
by shailesh on Apr 19, 2016 08:55 AM
You have to think in totality:
1) However, I care about the 80,000 crore of investment in the Indian economy by Japan. That investment is going to be spent in building local infrastructure, industry, bring up local labour, develop pockets of employments in various sectors.
2) It is going to develop knowledge and skill from Japanese in the technology/railway sector (after all Indian people will be employed in developing and building).
3) It is going to bring India and Japan closer on economic terms and get Japan invested in the success of the Indian economy. It is also going to develop a strategic partner in Japan in other sectors as well.
4) It is going to bring in the values of Japanese culture, especially those related to their manufacturing abilities - how they succeed so well, how they develop such quality products, what is their personal ethos which brings such quality into technology development. These values are not going to remain limited to the Indian labour who works their, but be circulated and influence the larger ethos of the society.
5) As shown in calculations below, if inflation is taken into account then you would not need 3 trips every hour, but the total cost of train can be borne by just the travel expenses accumulated from last 7 years of train travels, which is 43 year to 50 th year.
Re: Re: Bullet Train.
by Useless Comments on Apr 20, 2016 05:15 PM
They are not gifting us 80,000 crore... we need to return them.. if There is no Ridership how we will return this amount? Rather than spending this 80,000 crore on While Elephant... Amount can be spend on many other places.
If this amount is spend on Education and research .. we could easily replay the amount
If the author just extrapolate to situation that after five years government would think of extending upto Delhi, with same term by Japan. It willbe win win for both.
He assumes the fare to be Rs. 1,500 - 16 years from now. Even today, the fare for 2AC is that much.
If fare doubles for 2 AC in 15 years and Bullet train has twice the fare for 2 AC, it will be Rs. 6,000. The number of passengers / trips will fall by 4.
This article seems to be written with the conclusion to criticize and then facts are distorted to prove the point.
Re: A zooming train
by shailesh on Apr 19, 2016 08:51 AM
If 100000 crore is invested, out of which 50000 crore is spent on the labour, then that money is going to provide employment to so many poor who currently have no means.
Re: Re: A zooming train
by mohit on Apr 24, 2016 01:44 PM
aeroplanes are not funded by tax payers money like bullet trains. So we don't mind watching aeroplanes.
it doesn't require IIM's involvement to find out the financial viability of the project. With some common sense and knowledge of basic arithemetics , one can calculate the financialy viability of this project
Re: iim's
by LAKSHMINARAYANAN narayanan on Apr 18, 2016 09:45 PM
If this is the case then why bullet train running is successful in China, Japan? If it is successful in China, in our country it should be also successful. Why this negativity when any thing is proposed to be introduce. Make in India was proposed people immediately said it wont work. Any thing new or innovative is proposed to be introuduced immediately people jump to the conclusion that it will not work. Why so much negativity? When computer was introduced in India people said it will take away lot of work and more people will be unemployed, but on the contrary what had happened? it provides employment for millions in direct and indirect manner.
Re: Re: iim's
by Upadhyayula Muralikrishna on Apr 19, 2016 06:23 AM
the negativity and the apathy is not over the feasibility but on the issue of how does it help the teaming millions of the rural poor that lack the basic amenities like underground drainage, safe drinking water, good & rapid transport facilities !
Re: Re: Re: iim's
by shailesh on Apr 19, 2016 08:42 AM
it gets 100000 crore of investment, most of which is going to develop employment for those poor.
... if this runs into a loss, then the middle class is always there, just hike their income tax by another 10 percent. Or the govt can also withdraw the 15L from every account that will be simply lying idle.
I don't care about its usage or the returns its going to get us in short run, which is going to eventually happen. 1) However, I care about the 80,000 crore of investment in the Indian economy by Japan. That investment is going to be spent in building local infrastructure, industry, bring up local labour, develop pockets of employments in various sectors. 2) It is going to develop knowledge and skill from Japanese in the railway sector (after all Indian people will be employed in developing and building).
3) It is going to bring India and Japan closer on economic terms and get Japan invested in the success of the Indian economy. It is also going to develop a strategic partner in Japan in other sectors as well.
4) It is going to bring in the values of Japanese culture, especially those related to their manufacturing abilities - how they succeed so well, how they develop such quality products, what is their personal ethos which brings such quality into technology development. These values are not going to remain limited to the Indian labour who works their, but be circulated and influence the larger ethos of the society.
5) Who has seen 50 years and what all is going to transpire in 50 years? But one thing is sure that there are many other beneficial things that will come out from the whole investment.
Re: This is a great investment & we should expedite it-he
by shailesh on Apr 18, 2016 06:25 PM
6) Lastly, the general financial analysis of the report is flawed and can be seen as follow: Assuming the yen - Rupee conversion remains the same for whole 50 years. Now after 15 years, the charges set are 1500 rupees for one side travel (which look reasonable). However, if inflation continues to remain at 5%, then these inflation rates for travel will continue to increase at 5% per annum compounded; While the japanese loan will only have interest rate payment of 0.1% per annum compounded. Thus, after 15 years the total money spent on train commutes is going to increase at a much faster rate then the amount we are going to pay for interest re-payment.
Re: Re: Re: This is a great investment & we s
by J Swaminathan on Apr 18, 2016 08:16 PM
Are you writing the Jumla list for BJP? When Indians learned from others example. IITs were established with foreign collaborations . Are they excel in technology at world level like that in USA?
Re: Re: Re: Re: This is a great investment &a
by shailesh on Apr 19, 2016 08:48 AM
(1) Most of our good brains have stayed abroad because we have not provided proper facilities, financial securities (salaries in IITs are quite low if you check) to them in India. Sadly.
(2) As far as manufacturing is concerned Japanese quality, ethos and precision in technology development is going to certainly help bring a positive change in many sectors of the society - specially manufacturing sector.
(3) I am not concerned about BJP or congress - I care about only one thing - national development. Looking at all factors I believe 100,000 crore of foreign investment would be very welcome here.
