By Nidhi Verma NEW DELHI (Reuters) – Japan will provide $12 billion of soft loans to build India's first bullet train, the two nations announced during a visit by Japanese Prime Minister Shinzo Abe that also yielded deeper defense ties and a plan for civil nuclear cooperation. Relations have strengthened between Asia's second and third largest economies as Abe and Indian counterpart Narendra Modi seek to balance China's rise as the dominant Asian power. The deal to build a high-speed train line between the financial hub of Mumbai and the city of Ahmedabad gives Japan an early lead over China, which is conducting feasibility studies for high speed trains on other parts of India's dilapidated rail network.
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India to get Japan’s bullet train, deepens defense and nuclear ties