The Indian Railway Ministry has given the nod to a funding of INR83.4m ($1.07m) for the Indian Institute of Technology Madras (IIT Madras) to work on hyperloop technology.

The funding was approved after IIT Madras submitted a research proposal to work with Indian Railways for the development and validation of the Hyperloop technology-based transportation system and its subsystems.

IIT Madras will use the funding to set up a centre of excellence for Hyperloop technology.

Indian Railways, Communications, Electronics, and IT Minister Ashwini Vaishnaw interacted with the institute’s Team Avishkar, which is involved in the development of the Hyperloop with a capability of attaining a maximum speed of more than 1,200kmph.

The minister viewed a demonstration of the Hyperloop pod model presented by the IIT students.

Team Avishkar is planning to conclude the construction of the 500m long Hyperloop facility by the end of this year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The facility will be built at Discovery Campus, the satellite campus of IIT Madras situated around 35km from the main campus.

Hyperloop, which is said to be the fifth mode of transportation, is a high-speed train designed to travel in a near-vacuum tube.

The decreased air resistance enables the capsule inside the tube to achieve speeds of more than 1,000km per hour.

This year in March, Indian Railways launched an automatic train protection (ATP) for running trains.

Dubbed Kavach, the technology was developed by the Research Designs & Standards Organisation (RDSO) in association with three Indian vendors.