By: Indian Express
Source: www.indianexpress.com
Category: Investment In India
The $90 billion Delhi-Mumbai Industrial Corridor (DMIC), is set to receive a boost with the visit of the Japanese Prime Minister Yoshihiko Noda, wherein Japan is likely to announce an investment of $4.5 billion, said top sources.
“The Japanese government has conveyed its commitment to invest $ 4.5 billion in the project,” said a top government official. Noda and his Indian counterpart Manmohan Singh are likely to address a joint press conference after inking the Memorandum of Understanding (MoU).
The government had already cleared Rs 17,500 crore investment for building trunk infrastructure in the project earlier this year.
DMIC, a global partnership project between India and Japan, did not involve any equity holding until now.
The finer details of the Japanese commitment will be worked out between Japanese financial institutions and DMIC Development Corporation (DMICDC), said the official.
Source: http://www.indianexpress.com/news/japan-may-invest-4.5-bn-in-delhimumbai-corridor/892773/
Source: www.indianexpress.com
Category: Investment In India
The $90 billion Delhi-Mumbai Industrial Corridor (DMIC), is set to receive a boost with the visit of the Japanese Prime Minister Yoshihiko Noda, wherein Japan is likely to announce an investment of $4.5 billion, said top sources.
“The Japanese government has conveyed its commitment to invest $ 4.5 billion in the project,” said a top government official. Noda and his Indian counterpart Manmohan Singh are likely to address a joint press conference after inking the Memorandum of Understanding (MoU).
The government had already cleared Rs 17,500 crore investment for building trunk infrastructure in the project earlier this year.
DMIC, a global partnership project between India and Japan, did not involve any equity holding until now.
The finer details of the Japanese commitment will be worked out between Japanese financial institutions and DMIC Development Corporation (DMICDC), said the official.
Source: http://www.indianexpress.com/news/japan-may-invest-4.5-bn-in-delhimumbai-corridor/892773/
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