Ready To build Hyperloop between Mumbai and Pune: HTT Co-Founder Gresta

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Ready To build Hyperloop between Mumbai and Pune: HTT Co-Founder Gresta
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Elon Musk-backed Hyperloop Transportation Technologies (HTT) Co-Founder Bibop G Gresta today said the company is ready to build Hyperloop between Mumbai and Pune, but the decision is left with Union Transport Minister Nitin Gadkari to go ahead with the project and can be built in 38 months.

The company is also working with 25 Indians, including two Indian companies, to build the transportation system, which involves shooting tubes in a vacuum chamber across vast distances-Hyperloop.

"There are two Indian companies working with us. One is a maker of the tubes, another is an engineering company. I can't name them right now though. But in total we have about 25 people from India working on the Hyperloop,” Gresta told ET.

According to Gresta, India planning on spending thousands of crores to build bullet trains to boost the country's transportation infrastructure is a bad idea.

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"You are going to spend $12 billion on a bullet train? Put $1 billion in hyperloop and you will never need a bullet train, he told ET.

He also said that India needs hyperloop because of the bad conditions transportation.

"I think India is a perfect country to implement this project because the roads are not that good. Here the transportation is not capable to sustain a growth in a country like India," he said.

Among the prominent cities and countries where the Hyperloop will be built are California, Utah, Illinois, Florida, Indianapolis, Canada, Mexico, Chile, Spain, France, Slovakia, Abu Dhabi, Dubai, Saudi Arabia, Botswana, South Africa, Russia, China, Malaysia, India, Indonesia and Australia. Gresta said the company has received an investment of over $100 million to build Hyperloop in these countries and cities around the globe.