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India and Japan have signed loan agreements amounting to 191.736 billion Japanese yen under Japan's Official Development Assistance (ODA) programme.
These funds will be utilised for six key projects focusing on forest management, water supply, urban transport, aquaculture, biodiversity conservation, and investment promotion.
The agreements were formalised as part of ongoing cooperation between the two nations to enhance infrastructure and environmental sustainability.
The Ministry of Finance confirmed the details, highlighting Japan's continued support in India's development efforts.
Among the projects covered by these loans, the Tamil Nadu Investment Promotion Programme (Phase 3) will receive JPY 36.114 billion.
This initiative aims to strengthen the business environment in Tamil Nadu by attracting investments and promoting economic growth.
Another significant portion of the loan, JPY 79.726 billion, has been allocated for the Delhi Mass Rapid Transport System Project (Phase 4 Additional Corridors).
This funding will support the expansion of Delhi’s metro network, improving connectivity and reducing congestion in the capital.
Additionally, JPY 52.556 billion has been earmarked for the construction of the Chennai Seawater Desalination Plant (II).
This project is crucial for addressing Chennai’s water scarcity issues by ensuring a sustainable and reliable drinking water supply.
These agreements reaffirm the strong economic ties between India and Japan, reinforcing their commitment to infrastructural and environmental development.
Japan remains one of India's largest foreign investors and development partners, contributing significantly to projects that enhance urban mobility, water security, and ecological conservation.
This financial support is expected to accelerate progress in these critical sectors, boosting India's economic and environmental resilience while strengthening bilateral relations between the two nations.
