India-Japan sign Loan Agreements for 6 Projects

The Government of India and the Government of Japan have signed loan agreements worth JPY 191.736 billion for six projects under Japan’s Official Development Assistance (ODA) to India in the sectors of forest management, water supply, urban transport, aquaculture, biodiversity conservation and investment promotion.

The six loan agreements were signed between the Government of India and the Japan International Cooperation Agency (JICA) for:

1. Tamil Nadu Investment Promotion Program (Phase 3) (TNIPP-III) (JPY 36.114 billion): Itaims to provide quality jobs to the youth by attracting more investments into the State including foreign investments in an inclusive and sustainable manner, promoting emerging sectors, and also training the population in advanced manufacturing skills.
2. Project for Construction of Chennai Seawater Desalination Plant (II) (JPY 52.556 billion): It will provide safe and reliable water supply by carrying out construction of a seawater desalination plant and its related water supply facilities, thereby improving living conditions of the residents including the poor people as well as the investment environment in the concerned areas in Chennai Metropolitan Area (CMA).
3. Project for Capacity Enhancement for Effective Forest Management (JPY 8.280 billion): It aims to enhance the capacity of forest personnel for implementation of forest policies through research and development, implementation of pilot projects, improvement of training systems and institutional strengthening in the area of forest and biodiversity conservation and climate change.
4. Delhi Mass Rapid Transport System Project (Phase 4 Additional Corridors) (I) (JPY 79.726 billion): Continuing the assistance from JICA, Delhi Metro Rail project will be expanding the mass rapid transportation system and promote regional economic development. It will also eventually help in mitigating climate change through relief of traffic congestion and decrease of vehicular pollution.
5. Assam State Aquaculture Promotion and Livelihood Improvement Project (JPY 3.580 billion): It will lead to increase in aquaculture production and improve rural livelihoods of fisheries stakeholders by promoting aquaculture, supporting for enhancing the fisheries supply chain and institutional strengthening of fisheries department.
6. Punjab Biodiversity and Natural Resources Conservation Project (JPY 11.480 billion): It will enhance ecosystem services and mitigate impacts on climate change through increased trees outside forest, biodiversity conservation, integrated wetland management, livelihood improvement and institutional strengthening.