An investment of Rs 12,800 crore will be made by Japan for 9 projects in various sectors in India.
On 20 February, the finance ministry said that the Japanese government has committed a loan of 232.209 billion yen (about Rs 12,800 crore) for nine projects related to various sectors in India.
Vikas Sheel, Additional Secretary, Department of Economic Affairs, and Suzuki Hiroshi, Ambassador of Japan to India, signed the agreement.
The projects include North East Road Network Connectivity, Project for Promoting Start-up and Innovation in Telangana, and Project for the Construction of Chennai Peripheral Ring Road.
This also includes the Project for Promoting Sustainable Horticulture in Haryana and the Project for Climate Change Response and Ecosystem Services Enhancement in Rajasthan.
The aim of the road network connectivity projects is to improve infrastructure development in the north-east region of India.
The aim of the Chennai Peripheral Ring Road project is to reduce traffic congestion and strengthen connections to the southern part of the state.
By developing a medical college hospital contributing towards universal health coverage, the project in Nagaland will help develop tertiary-level medical service delivery.
In Telangana, a unique project will help in exploring entrepreneurial skills and supporting the business expansion of MSMEs with a focus on women and the rural population.
