New Delhi: The Indian Railways has tied up with IIT Madras for the development of indigenous ‘Hyperloop’ technology. The Indian Railways put out a tweet saying, “Indian Railways joined hands with IIT Madras for the development of Hyperloop technology & for the first time Railways transported passenger buses. Watch this video for all major news from this week. #RailBuzz.”
As per the tie-up between the country’s largest transport service provider and the elite academic institute, the Indian Railways will set up a Centre of Excellence for Hyperloop Technologies on the IIT Madras campus, said a report published by Network18 media.
Laying out its plans to this end in its tweet, the Railways said it will work with the elite institution to develop a hyperloop-based transit system, ushering in a new dawn with regard to public transportation services in the country, the report further stated.
According to the Network18 report, the Indian Railways would provide funds to the tune of Rs 8.34 crore to IIT Madras as part of this ‘Make In India’ project.
The project will also be in line with the country’s stated ‘Atmanirbhar Bharat’ or ‘self-reliant India’ policy.
Apart from extending funds for the project, the Indian Railways will help in manufacturing, formulation of safety norms and helping the institute access the electrical testing facilities of the railways, the Network18 report further stated.
The new mode of transportation has already made waves across the world and will make the country’s public transportation service break new grounds.
The hyperloop technology is a new type of transportation technology that is believed to be faster and less expensive to construct than the regular high-speed rail.