New Delhi, [India] March 27 (ANI): The Government of Japan has dedicated Official Development Assistance (ODA) mortgage of JPY 275.858 billion (approx. Rs 16,420 Crores) to India for 4 tasks within the sectors of Urban Transport, Health and Agriculture which is to be carried out within the states of Punjab, Karnataka and Maharashtra, based on an official launch by the Ministry of Finance.
The Notes had been exchanged on March 24 between the Joint Secretary, Department of Economic Affairs, Ministry of Finance, Government of India, Alok Tiwari, and the ambassador of Japan to India, Keiichi Ono.
The tasks embody, ‘Bengaluru Metro Rail Project (Phase 3) (I)’ (JPY 102.480 billion), ‘Mumbai Metro Line 11 Project (I)’ (JPY 92.400 billion), ‘Project for Strengthening Tertiary Healthcare Delivery, Medical Education System & Nursing Education System in Maharashtra (I)’ (JPY 62.294 billion) and ‘Project for Promoting Sustainable Horticulture in Punjab’ (JPY 18.684 billion).
Loan agreements have additionally been signed between the Government of India and the Japan International Cooperation Agency (JICA).
According to the discharge, the Bengaluru Metro Rail Project (Phase 3) (I) goals to deal with the rise in site visitors demand within the Bengaluru Metropolitan Region by increasing the mass speedy transportation system. This shall promote regional financial growth, enhance the city setting and finally mitigate local weather change, by means of aid of site visitors congestion and reduce of air pollution brought on by rising motor autos.
Mumbai Metro Line 11 Project (I) goals to deal with the rise of site visitors demand in Mumbai by increasing the mass speedy transportation system, thereby selling regional financial growth, enhancing the city setting and finally mitigating local weather change, by means of aid of site visitors congestion and reduce of air pollution brought on by rising motor autos.
Project for Strengthening Tertiary Healthcare Delivery, Medical Education System & Nursing Education System in Maharashtra (I) will intention to enhance entry and high quality of medical care within the state of Maharashtra by strengthening the healthcare system by means of the development of tertiary care services, faculties, hospitals, medical faculties, and nursing faculties. This shall additional contribute in direction of the promotion of Universal Health Coverage (UHC) in India.
Project for Promoting Sustainable Horticulture in Punjab goals to advertise sustainable horticulture and enhance farmers’ earnings by diversifying into high-value horticulture crops, and infrastructure growth for a stronger worth chain and capability growth. This shall leverage environmental conservation and sustainable socio-economic growth in Punjab.
India and Japan have had a protracted and fruitful historical past of bilateral growth cooperation since 1958. Economic Cooperation, a key pillar of India-Japan relations, has steadily progressed in the previous few years. This additional consolidates and strengthens the Strategic and Global Partnership between India and Japan. (ANI)