Japan To Invest USD 15 Billion In Indian Infrastructure Projcts

Japan aims to carry out 19 infrastructure projects totaling roughly JPY 1.2 trillion (USD 15 billion) in western India through a coordinated government and private-sector effort to help India to obtain stable supplies of industrial water and power and improve its transportation and logistics networks. The projects will form the core of the Delhi-Mumbai Industrial Corridor.

Prime Ministers of both countries are expected to reach an agreement on the plans in a summit meeting scheduled for Friday.

The massive investment program will consist of JPY 240 billion (USD 3 billion) for water-related facilities, JPY 200 billion (USD 2.5 billion) for next-generation grids and power plants and JPY 760 billion (USD 9.5 billion) for transportation and distribution projects.