The Richard Branson-led Virgin Group on Sunday signed a framework agreement with Maharashtra to build a hyperloop transportation system between Mumbai and Pune.
It would reduce travel time between the two cities to just 25 minutes from the three hours at present.
The proposed hyperlook transportation system will link central Pune with Navi Mumbai international airport.
The proposed loop will be a fully electric system and will have the capability travel up to 1,000 km per hour.
Hyperloop Technology is dubbed as fifth mode of transportation. It envisages tube modular transport system that runs free of friction.