The Indian Ministry of Railways has approved funding of INR 83.4 million ($ 1.07 million) for the Indian Institute of Technology in Madras (IIT Madras) to work on hypercycle technology.
Funding was approved after IIT Madras presented a research proposal to work with Indian Railways to develop and validate the Hyperloop-based transport system and its subsystems.
IIT Madras will use the funding to create a center of excellence for Hyperloop technology.
Indian Minister of Railways, Communications, Electronics and IT Ashwini Vaishnau is working with the Avishkar Institute team to develop Hyperloop with a top speed of over 1,200 km / h.
The Minister considered a demonstration of the Hyperloop pod model presented by the students of IIT.
The Avishkar team plans to complete construction of the 500-meter Hyperloop facility by the end of this year.
The facility will be built on the Discovery Campus, the satellite campus of IIT Madras, located about 35 km from the main campus.
Hyperloop, which is said to be the fifth mode of transport, is a high-speed train designed to travel in an almost vacuum tube.
The reduced air resistance allows the capsule inside the tube to reach speeds above 1000 km per hour.
In March this year, Indian Railways launched automatic train protection (ATP) for trains.
Named Kavach, the technology was developed by the Research Designs & Standards Organization (RDSO) in collaboration with three Indian suppliers.