Japan Pledges JPY 232.209 Billion ODA Loan For Nine Projects Across Various Sectors In India

The Government of Japan has committed Official Development Assistance (ODA) loan of JPY 232.209 billion for nine projects across various sectors in India. The exchange of notes for these projects took place between Mr. Vikas Sheel, Additional Secretary, Department of Economic Affairs, Ministry of Finance, Government of India, and Mr. Suzuki Hiroshi, Ambassador of Japan to India, marking another milestone in the partnership between the two nations.

1. North East Road Network Connectivity Improvement Project (Phase 3) (Tranche II): Dhubri-Phulbari Bridge (JPY 34.54 billion)

• The initiative aims to enhance infrastructure development in India’s North East region, promoting connectivity and facilitating economic growth.

2. North East Road Network Connectivity Improvement Project (Phase 7): NH 127B (Phulbari-Goeragre section) (JPY 15.56 billion)

• This project focuses on strengthening the road network in the North East, facilitating transportation and regional development.

3. Project for Promoting Start-up and Innovation in Telangana (JPY 23.7 billion)

• This project in Telangana aims to foster innovation, particularly among women and rural populations, supporting the expansion of MSMEs.

4. Project for the Construction of Chennai Peripheral Ring Road (Phase 2) (JPY 49.85 billion)

• Addressing traffic congestion, this project aims to enhance connectivity in southern India by constructing the second phase of the Chennai Peripheral Ring Road.

5. Project for Promoting Sustainable Horticulture in Haryana (Tranche I) (JPY 16.21 billion)

• Focusing on sustainable agriculture, this initiative in Haryana aims to improve farmer income through crop diversification and infrastructure development in horticulture.

6. Project for Climate Change Response and Ecosystem Services Enhancement in Rajasthan (JPY 26.13 billion)

• This project in Rajasthan focuses on climate change response and enhances ecosystem services through afforestation and biodiversity conservation.

7. Project for the Establishment of the Medical College Hospital at Nagaland Institute of Medical Sciences and Research, Kohima (JPY 10 billion)

• Contributing to the development of tertiary level medical services in Nagaland, this project fosters universal health coverage through the establishment of a Medical College Hospital.

8. Project for the Improvement of Urban Water Supply System in Uttarakhand (JPY 16.21 billion)

• In Uttarakhand, the project aims to provide stable water supply to urban towns, addressing crucial water infrastructure needs in the mountainous state.

9. Dedicated Freight Corridor Project (Phase 1) (Tranche V) (JPY 40 billion)

• This tranche of the Dedicated Freight Corridor project aims to construct a modernized dedicated freight railway system, facilitating the efficient handling of increased freight traffic.

India-Japan Partnership since 1958

• The exchange of notes for these projects underscores the partnership between India and Japan since 1958. The economic partnership between the two nations has progressed steadily in recent years.
• These projects contribute significantly to the economic development and infrastructure enhancement of India, strengthening bilateral ties and fostering a Strategic and Global Partnership between the two nations.