New Delhi
The Government of Japan has committed Official Development Assistance (ODA) loan assistance amounting to Japanese Yen (JPY) 232.209 billion for nine diverse projects across India. The exchange of notes formalizing this commitment occurred today between Vikas Sheel, Additional Secretary of the Department of Economic Affairs, Ministry of Finance, and Suzuki Hiroshi, Ambassador of Japan to India.
These initiatives span various sectors and regions, reflecting Japan’s commitment to India’s development objectives. The road network projects aim to bolster infrastructure in the North East, while the Chennai Peripheral Ring Road project targets traffic congestion in Tamil Nadu. Additionally, endeavors in Nagaland and Telangana focus on healthcare and entrepreneurship, respectively, enhancing service delivery and innovation. Furthermore, initiatives in Haryana and Rajasthan prioritize sustainable agriculture and ecosystem conservation, while Uttarakhand’s project emphasizes urban water supply improvement. Lastly, the Dedicated Freight Corridor project seeks to modernize logistics systems, further consolidating the enduring partnership between India and Japan, which has flourished since 1958. This collaborative effort underscores their shared commitment to sustainable development and prosperity in the region.
