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