As reported in a number of publications, Richard Branson’s Virgin Hyperloop One is exploring entering India with the largely untested ultra-fast transportation technology.
Trilegal advised
J Sagar Associates (JSA) advised
According to JSA, the mandate included "MOUs entered into between PMRDA and Virgin Hyperloop One in relation to the prefeasibility studies and feasibility studies to be undertaken by Virgin Hyperloop One to analyse the applicability and benefits of hyperloop technology, identify high priority routes between Pune to Mumbai, in relation to the proposed hyperloop transportation&rdquo.
Key investors in Hyperloop One, include Sir Richard Branson, Sultan Ahmed bin Sulayem (CEO and Group Chairman of DP World) and Ziyavudin Magomedov, (Chairman of Summa Group).
While the trains-in-a-near-vacuum technology, which had been encouraged in the mainstream by entrepreneur Elon Musk, could theoretically reduce the journey time from Mumbai to Pune to just 25 minutes, the technology has not yet transported any commuters anywhere in the world.
Despite major interest by a number of well-funded start-ups, question marks also remain about whether hyperloops will ever be viable, cost-effective and safe.
Picture by RichMacf.
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Feasibility of these technologies is highly questionable.
Heck, nobody knows when we will have bullet trains in our country.
But good job by the law firms for advising on this 'fantasy'.
Irony just killed itself.
www.livemint.com/Politics/r7Y7hPlh5yBat1k9f3fvuJ/Magnetic-Maharashtra-summit-4106-MoUs-worth-Rs1210-trilli.html
As a lawyer, we should have reasonably interpreted the basis of reporting this news, considering the mentioned scenarios. Understanding the contours of such a technical advancement (which remained untouched till now) and advising on the same involves deeper analysis and efforts on the part of the team. Not only this, this should be seen with the positive aspect for the fraternity since this specifically portrays the kind of existence and responsibility we hold.
Live wood - zinda jhad
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