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India embraces high-speed rail as Japan cheers on

Prime minister hopes $17.5bn project will spur upgrades nationwide

Mumbai's Bandra Kurla Complex corporate park is attracting foreign companies and financial institutions.

MUMBAI/NEW DELHI -- India is tapping Japanese bullet train technology to build a 500km high-speed rail line linking a western manufacturing hub to Mumbai, an endeavor Prime Minister Narendra Modi hopes will spur similar upgrades across the country.

The roughly 2 trillion yen ($17.5 billion) project will connect Ahmedabad, the largest city in Modi's home state of Gujarat, with India's largest city and financial center. The railway, to be served by 12 stations, will shorten the trip dramatically, from seven hours now to just two.

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