Japan provides $30 billion for Indian infrastructure

JAPAN: Japan will provide up to 30 billion dollars in loans and investments to support construction of major infrastructure in India, a newspaper said Friday. The fund will be announced when Economy, Trade and Industry Minister Akira Amari visits India later this month along with high-ranking officials from Japanese businesses, the Nikkei business daily said.

Under the plan, the Japanese government and corporate sector will help finance India’s national project to build a freight rail network, industrial parks, ports and other infrastructure in Delhi and Mumbai, it said.

Tokyo, Friday, AFP