Japan approved a Rs 7,074-crore long-tenure loan at low-interest to fund India''s infrastructure investments, its second batch of assistance for the fiscal. Now, the Japan''s total assistance stands at Rs 8,582 crore, 21% more than last year''s, the government said in a statement issued here quoting finance minister P Chidambaram.
This is the biggest development loan commitment from Japan to India, the highest recipient of such assistance from Japan. The release also said this year''s package includes projects that are important to India, such as Delhi Metro, Kolkata east-west link, Hyderabad outer ring road and Tamil Nadu urban infrastructure development projects. The inclusion of Hogenakkal Water Supply and Flurosis Mitigation Project in the package fulfils a long-standing demand of the people of Tamil Nadu. The statement also said that in the last few years, relations between India and Japan have steadily progressed. India is now negotiating a comprehensive economic partnership agreement (Cepa) with Japan which is expected to further boost ties between the countries.
This is the biggest development loan commitment from Japan to India, the highest recipient of such assistance from Japan. The release also said this year''s package includes projects that are important to India, such as Delhi Metro, Kolkata east-west link, Hyderabad outer ring road and Tamil Nadu urban infrastructure development projects. The inclusion of Hogenakkal Water Supply and Flurosis Mitigation Project in the package fulfils a long-standing demand of the people of Tamil Nadu. The statement also said that in the last few years, relations between India and Japan have steadily progressed. India is now negotiating a comprehensive economic partnership agreement (Cepa) with Japan which is expected to further boost ties between the countries.
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