This move is aimed at keeping an eye on China's attempt to increase its strategic footprint in the region.
The new train can carry 750 passengers between PM Modi's home state Gujarat and Mumbai, the financial capital.
- It was built in the previous year of the existence of Sultanate of Gujarat.
On Thursday both Modi and Abe will attain Bullet Train project. Japan will extend 81 per cent of the cost as debt for 50 years at an interest of 0.1 per cent and its repayment will start after 15 years of the commencement of operations. India is the lone exception that doesn't have a fast train despite having the largest railway network as it is still struggling with mishaps and derailments.
He said India had not faced "this kind of ignominy". "This is an occasion to celebrate the advent of the most modern technology in India".
PM Modi and Shinzo Abe held a public roadshow in Gujarat
"The frequency of their meetings clearly points to the high level of importance both sides attach to this partnership", Pranay Verma, Joint Secretary (East Asia) in the Ministry of External Affairs, said on Monday.
"I think for such low expenditure we are not only getting this huge system, but also modern technology which will provide lakhs of jobs in India".
Tewari said India had a great relationship with Japan and that relationship, its foundations and consolidation had been laid during the UPA regime.
"There's also the North Korean issue". It will welcome numerous Japanese nuclear companies after Fukushima shut down.
Japan is pushing for over-the-counter sale of the US-2 aircraft produced by ShinMaywa Industries Ltd, which has a range of about 4,500 km and is suitable for search-and-rescue operations. Both the premiers also recognised the potential for deeper bilateral cooperation and synergy between the Indian policy and the Japanese strategy.
Japanese PM Shinzo Abe accorded ceremonial reception on his arrival at Ahmedabad Airport.
The pact is created to help meet electricity demand in the fast-growing South Asian economy through nuclear power generation, but concerns remain that technology exported to India, which conducted nuclear tests in 1974 and 1998 without joining the Nuclear Non-Proliferation Treaty, could be used for military purposes. Through a video link, the two prime ministers will attend the ground-breaking ceremony of the "High-Speed Railway Training Institute" being set up in Vadodara.