Japan to lend Rs.14,000 crore for Indian projects

Government of Japan has committed a loan of JPY 242.2 billion (around Rs.14,251 crore) for various projects across India, including Jharkhand, Odisha, Madhya Pradesh and the North East.

Official Development Assistance is to be deployed for a transmission system strengthening project in Madhya Pradesh, an integrated sanitation improvement project in Odisha, a dedicated freight corridor project, a road network connectivity improvement project in the North East, and a micro drip irrigation project in Jharkhand, according to a government released.

Government of Japan has committed a total of JPY 390 billion in the current financial year which is the highest amount committed in a year.” India and Japan have had mutually beneficial economic development cooperation since 1958. In the last few years, economic cooperation between India and Japan has strengthened and grown into a strategic partnership.
Extra info:
  • Japan is an island nation in the Pacific Ocean with high-rise-filled cities, imperial palaces, mountainous national parks and thousands of shrines and temples. 
  • Prime Minister of Japan – Shinzo Abe
  • japan capital – Tokyo
  • japan currency – Japanese yen

So lets do:
  • Who is the Prime Minister of Japan?
  • Japan to lend ______ crore for Indian projects.

Sourece – The Hindu


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