Japan Plans To Invest $30Bn In Core Sector

Kolkata: Akira Amari, Japan''s minister for economy, trade and industry, is likely to declared an investment of $30 billion in infrastructure projects during his visit as the head of the largest ever-Japanese delegation towards the end of this month. The package will comprise building a high-speed freight railway system between New Delhi and Mumbai, a port in Gujarat, and industrial complexes in Rajasthan. The delegation, comprising over 60 executives of 15 companies, will visit New Delhi and Mumbai and have meetings with industry bodies like the CII and Ficci. India is a major supplier of iron ore to Japan. In fact, Mitsui owned the country''s second largest iron ore exporter, Sesa Goa, till a couple of months ago. Nippon Steel is looking at a joint venture with Tata Steel.