Hyperloop is a high-speed transportation system(even faster than the bullet trains), having a low operating cost.

The Indian Railways has collaborated with IIT Madras to develop a hyperloop technology based transport system and extended a financial support of Rs. 8.34 crores to IIT Madras for this project.
The Hyperloop project was also mentioned in the Union Budget 2022-2023. According to that, the railways was exploring possibilities of acquiring hyperloop technology for a demonstrative project to showcase its capabilities in the rail sector.
Union Minister of Railways Shri Ashwini Vaishnaw approved a financial assistance of Rs. 8.34 crores to IIT Madras for the development on hyperloop technology during his visit on Thursday.
The above tweet was posted on the official twitter handle of Avishkar Hyperloop team, declaring Ashwini Vaishnaw sir as their 72nd member.

The minister saw the demonstration on the Hyperloop pod model at the New Academy Complex. Also, he also tested 5G at the Research Park.
The Hyperloop pod is a futuristic high-speed long distance public transport. The design aims at a speed of 1200 km/hr. The institution is also developing a 500m long tube, inside which the hyperloop pod will travel. Below is a visual demonstration of the Hyperloop Pod.

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