Background
Union Railway Minister Shri Suresh Prabhu had wide-ranging discussions on various aspects of railways - covering modernization, safety and technology upgradation of Indian Railways - during his visit to Japan in September 2015. He held discussions with the concerned Ministers of Japan and met Prime Minister Shinzo Abe.

On the investment requirements of Indian Railways, he had discussions with leading financial institutions and investment bankers and explained to them the 5 year USD 140 billion investment plan of Indian Railways. He had discussions with Pension Funds as well, to seek their investments in the Railways.

Another focus was the Technology upgradation of Indian Railways through cooperation of Research Designs and Standards Organization (RDSO) of India and the Japan Railway Technical Research Institute (JRTRI), both key railway research organizations.

The comprehensive technological cooperation as envisaged in the above Memorandums are the result of the above discussions and follow-up.
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