Japan is set to build India's first bullet train, with Tokyo financing the project through an $8 billion loan to New Delhi, a leading Japanese business daily reported on Tuesday, according to AFP.
The Nikkei, which did not cite sources, said the bullet train will link the cities of Mumbai and Ahmedabad and that the two countries will issue a joint statement about the deal on Saturday during Prime Minister Shinzo Abe's visit to India, where he will meet Prime Minister Narendra Modi.
The report comes after Japan failed to win a high-speed train deal in Indonesia earlier this year, losing out to a Chinese proposal.