Japan has been providing support to India both financially and technically when it comes to the development of Infrastructure. It has now committed a loan worth 242.2 billion yen for the various infrastructure projects in India.
Projects supported by Japan
- Transmission System Strengthening Project in Madhya Pradesh -JPY 15.45 billion
- Odisha Integrated Sanitation Improvement Project -JPY 25.7 billion
- Dedicated Freight Corridor Project (Phase 1) -JPY 103.6 billion or Rs 6,170 crore
- North East Road Network Connectivity Improvement Project- JPY 67.1 billion
- Jharkhand Horticulture Intensification by Micro Drip Irrigation Project -JPY 4.65 billion
Flash points
- The funds will be provided through the Official Development Assistance (ODA) and it will be further extended through the JICA (Japan International Cooperation Agency)
- The support given under ODA is classified as bilateral aid and multilateral aid
- Bilateral aid- Given directly to the developing economies
- Multilateral aid- Given through various International organizations
- The total aid for India in this year is 242.2 billion yen or 14,251 crores
Points to note
- Japan Capital- Tokyo
- Currency- Yen
- President- Shinzo Abe
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