The Government of India and the Government of Japan have signed loan agreements worth JPY 191.736 billion (approximately ₹10,945 crore) under Japan’s Official Development Assistance (ODA) to India, strengthening the strategic economic partnership between the two nations.
The agreements were signed in New Delhi between the Government of India and the Japan International Cooperation Agency (JICA), and shall provide the foundation to finance six key projects across diverse sectors, including forest management, water supply, urban transport, aquaculture, biodiversity conservation, and investment promotion.
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The lion’s share of the funding – PY 79.726 billion (approximately ₹4,552 crore)—has been allocated for the Delhi Mass Rapid Transport System Project (Phase 4 Additional Corridors). The project shall expand the city’s metro network, and reduce the long-standing vices of congestion and vehicular pollution while facilitating economic development.
Another significant allocation of JPY 52.556 billion (approximately ₹3,000 crore) has been earmarked for the Chennai Seawater Desalination Plant (Phase II), a project that will bolster the region’s drinking water supply and enhance living conditions in the Chennai Metropolitan Area.
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A major investment of JPY 36.114 billion (approximately ₹2,060 crore) has been made under the Tamil Nadu Investment Promotion Program (Phase 3) (TNIPP-III), aiming to attract foreign and domestic investments, create quality employment opportunities, and develop emerging industrial sectors.
Furthermore, JPY 8.280 billion (approximately ₹472 crore) has been allocated to the Project for Capacity Enhancement for Effective Forest Management, which seeks to strengthen forest conservation efforts, improve training programs for forest personnel, and implement climate change mitigation strategies.
In the northeastern state of Assam, JPY 3.580 billion (approximately ₹204 crore) has been directed towards the Assam State Aquaculture Promotion and Livelihood Improvement Project, which will boost aquaculture production, support the fisheries supply chain, and enhance rural livelihoods.
Similarly, JPY 11.480 billion (approximately ₹656 crore) has been granted for the Punjab Biodiversity and Natural Resources Conservation Project, which will focus on wetland management, biodiversity preservation, and climate resilience measures.
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The loan agreements underscore the long-standing development partnership between India and Japan, which dates back to 1958. The allocation of the funds to facilitate projects across the expanse of India shall serve as a seedbed for uniformity and equity in growth and development.
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