Tamil Nadu

Railways sanctions ₹8.4 crore to IIT Madras to develop hyperloop system

The Railway Ministry has approved an allocation of ₹8.34 crore to the Indian Institute of Technology Madras to indigenously develop and validate hyperloop transportation system and its subsystem. The allocation includes setting up of a centre of excellence for hyperloop technology at the institute.

This was stated in a letter addressed to the Director of the IIT by R.K. Jain, principal executive director (development), Railway Board. Mr. Jain said in his letter that a draft of the Memorandum of Understanding was being shared with the Institute.

Ashwini Vaishnaw, Union Minister for Railways, Communication and Electronics and Information Technology, visited the institute and participated in a demonstration of the hyperloop project at the new academy complex of the institute.

Sources said he had also visited the IIT M Research Park to oversee the 5G test bed demonstration and the incubation cell.

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Printable version | Jun 17, 2022 1:24:26 pm | https://www.thehindu.com/news/national/tamil-nadu/railways-sanctions-84-crore-to-iit-madras-to-develop-hyperloop-system/article65430812.ece