Ad Here  
SIPB clears big proposals Bus services hit Technology has raised the bar... A blueprint for the future City of foaming lakes and fire Pioneering education model Miners asked to pay more Deputy Collector Sindhu! Tasks for the new government Monsoon fury Competing for good: Tale of two states More government apps Doubling production and tripling farmers’ income... KTR releases Annual Report Time to wake up MOUs worth Rs.10.54 lakh crore signed Bringing magic of Rajasthan alive ‘E’ for enterprise CII to set up tourism bureaus It’s Karnataka chalo for Amit Shah? All these happened in TN… Enchanting and enterprising Tamil Nadu A year of Telangana Strike over salary hike Vedanta to close Lanjigarh refinery Divide & Prosper Kochi Metro Rail Project State under siege KCR’s I-day bonanza Promise of a productive year Homestays, a budding tourism industry Enticing pest traps Inter-State boundary Waste disposal model State Forward Power for all Mango Diplomacy An industrious idea Flurry of collaborations inked by AP When business flocks to MP... States - Odisha Of development and welfare Land acquisition policy is ahead of national policy... Info-Park, more space Reducing carbon footprint... Lingayats get a reminder: it’s poll time State of the States A neta at it again! Nod to cow slaughter bill Green crimes galore TN can leverage NLC’s strengths... Illegal mining of sand Oh, la la. Infra boost to the new capital KNPP with the grid TN to suffer serious loss Thalaivaa MCL has a taste of judicial activism! Launch of ins vikrant, India’s first indigenous aircraft carrier ODISHA Hype on Hyperloop Benevolent businessthan... Bifurcation yet to end water wars Industrial corridors to boost economy Why the Congress won in Karnataka Land scams rock AP & TS Development depends on land availability... Infrastructure to the FORE It indeed is attractive for investments A giant push for millets Winds of change... Stirring the political cauldron Global meets galore Leaky old lorries, mini cabs for techies... States Roundup TN to suffer serious loss Global Investors Meet Post Poned Municipal Elections AP in better shape Come to Tamil Nadu where the action is... States - Kerala Bhubaneswar IIT cries for completion With agriculture at its heart... Fanciful Rao and tech-savvy Naidu Wouldn’t the Mahatma like clean restrooms in our cities!
Hype on Hyperloop

Andhra Pradesh government plans to connect Amaravati and Vijayawada with Hyperloop, a ‘tube modular transport system’ that runs free of friction, invented by Tesla. This will supposedly cover the distance of 35 km between the two cities in just five minutes. Of course, it is still on trial in different countries.

The AP Economic Development Board (AP-EDB) and the US- based Hyperloop Transportation Technologies (HTT), signed the Memorandum of Understanding (MoU) in Amaravati on 06 September. But the MoU did not disclose the probable cost of the project that will be taken up in the public-private- partnership mode with the funding primarily from private investors.

Under the MoU, the HTT will construct and build the first Hyperloop in India after a six-month feasibility study of the surrounding cityscapes to create the best route between the two cities.

Following his first interaction with HTT executives during the World Economic Forum in Switzerland in January, Chief Minister N Chandrababu Naidu held another round of talks with them recently.

The AP-EDB, along with the state government, will assist HTT with all regulatory requirements and develop and implement Hyperloop in Amaravati.

Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236