India is set to adopt Japanese bullet train technology for its first high-speed railway, with the two nations' leaders expected to announce the agreement in a joint statement this week, a Japanese government source said Tuesday.

Prime Minister Shinzo Abe and Indian Prime Minister Narendra Modi will hold talks in India on Saturday and issue a statement afterwards, the source said. Abe will pay a three-day visit to India from Friday.

The proposed 500-kilometer railway will link Mumbai in western India and Ahmadabad to the north, the source said. The journey would take about two hours.