Extending support to India, Japan commits to provide Rs 14,250 crore loan for five infra projects with loan of Rs 6,170 crore. The loans will be extended through Japan International Cooperation Agency (JICA), which provides bilateral aid
in the form of Technical Cooperation, Japanese ODA Loans and Grant Aid.
Besides, the projects it also includes Transmission System Strengthening Project in Madhya Pradesh with the loan of around Rs 911 crore, Odisha Integrated Sanitation Improvement Project (II) with a loan of Rs 1515 crore.
Besides, North East Road Network Connectivity Improvement Project will get Rs 3957 crore and Jharkhand Horticulture Intensification by Micro Drip Irrigation Project will get Rs 274 crore.
For the financial year 2015-16, Japan committed a total of Rs 22, 984 crore, which is the highest amount committed in a year. India and Japan have had mutually beneficial economic development cooperation since 1958.
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