Japan commits 371 billion Yen assistance for infrastructure projects in India

New Delhi [India], Apr. 1 (ANI): Japan will provide 371 billion Yen or Rs.21,590 crores as official development assistance(ODA) to India for various infrastructure projects, including the dedicated freight corridor.

Notes in this regard were exchanged between S Selvakumar, Joint Secretary, Department of Economic Affairs; and Kenji Hiramatsu, Ambassador of Japan to India.

A finance ministry statement issued in New Delhi said the total commitment of Japan International Cooperation Agency ODA during two financial years 2015-16 and 2016-17 is 761.40 billion yen, which is 43.50 per cent of the total target for five years.

The statement said, in the last few years, the economic partnership between India and Japan has steadily progressed, it said, adding, this further consolidates and strengthens the Strategic and Global Partnership between India and Japan. (ANI with inputs)