Friday, June 17, 2011

India, Japan sign agreement for six projects

India and Japan today signed an agreement for six development projects in the fields of energy, power, transportation and forestation and Metro Rail Project in Bangalore. Under this,Tokyo will provide 7361 crore rupee as soft loan. The agreement was signed by India's Ambassador in Tokyo Alok Prasad and President of the Japan International Cooperation Agency (JICA) Ms. Sadako Ogata in Tokyo. The agreement is meant to support India's quest for energy and its efforts to improve infrastructure necessary for rapid growth in economy. According to external affairs ministry, it will also help accelerate spread of new and renewable energy and energy conservation projects using Japanese experience.

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