Japan commits 371 bn yen assistance for infra projects in India

Japan has committed an ‘Official Development Assistance’ (ODA) of 371.345 billion yen (about Rs 21,590 crore) under 2016-2017 for various infrastructure projects, including the dedicated freight corridor, in India.

The notes in this regard were exchanged in New Delhi between S Selvakumar, Joint Secretary, Department of Economic Affairs and Kenji Hiramatsu, Ambassador of Japan to India.
The Mumbai Metropolitan Region Development Authority (MMRDA), a State Government entity, has been allowed to borrow directly from Japan International Cooperation Agency (JICA) Official Development Assistance (ODA) loan for Mumbai Trans Harbour Link (MTHL) project.

    Takeaways from above News-
    • Japan has committed an ‘Official Development Assistance’ (ODA) of 371.345 billion yen
    • Kenji Hiramatsu is the Ambassador of Japan to India
    • Currency of Japan is Japanese yen and its Prime minister is Shinzō Abe

    If you have any other takeaways, do share with us in the comment section

    Source- The Hindu

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