Railway Minister Suresh Prabhu said, "The discussions by the Railway Ministry with top six global companies for the launch of very high-speed trains in India that can travel at a speed of 600kms per hour was in the advanced stage." 

“We called for six top global companies who have technology that can travel beyond the 350km/hour speed. These trains can travel up to 600kms/hr speed. We called them and we told them that we will develop with you. Six companies have come forward and the talks are in advanced stages. If they could manufacture such high-speed trains, the county would also be able to export it." he added. 

About the launch timeframe of the high trains, he said “it may happen in 10 years. These are new areas which we are working on. Japanese companies are investing almost Rs one lakh crore into high-speed railways.”

He also gave a detail about the investments taken up by his Ministry "including the Rs 8.50 lakh crore proposed to be invested, we are investing an additional amount of Rs 85,000 crore for dedicated freight corridor project. We expect that to be completed in 2019. In the last two years, contracts have been issued, tenders have been finalized."

On developing the railway network in the country, he said, the Ministry has undertaken a vision plan for Railways 2030.  

“For the first time, we are preparing a strategic plan to invest and decide on how railway network should be developed.”, he said.

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