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    Japan OKs Rs 5,500 cr for Mumbai-Ahmedabad bullet train project

    Mumbai: Clearing the air on the stoppage of funds for the Mumbai-Ahmedabad bullet train project, the Japan International Cooperation Agency (JICA) has approved the loan, amounting to 80,547 million Japanese yen or approximately Rs 5,500 crore on Friday. An agreement was signed between JICA and the union government, wherein Japan was to provide an official development assistance (ODA) loan for the bullet train project – Prime Minister Narendra Modi’s dream project. The

  • mumbai, bullet train, mumbai-ahmedabad bullet train, mumbai-ahmedabad bullet train facilities, child feeding room, washrooms,

    Japan funding brake on Modi bullet train

    Mumbai: The Japan International Cooperation Agency (JICA) has reportedly slammed brakes on Prime Minister Narendra Modi’s pet project, the Mumbai-Ahmedabad bullet train, by stopping the release of funds. Farmers from Maharashtra and Gujarat have opposed this project and the JICA has made it clear to the Government of India to first resolve this issue, and only then will it release the funds.

  • Nagaland gets Rs 400 crore loan to promote agroforestry

    Farmers dependent on traditional cultivation method in Nagaland are set to get new income options in fuel wood, fruits and non-timber production through a project for which Japanese funding arm JICA has extended Rs 400 crore loan. JICA has signed an agreement with the Indian government to provide development assistance loan of 6,224 million yen (about Rs 400 crore) for Nagaland Forest Management Project.

  • JICA getting MTDC assistance in Phase-II of Ajanta-Ellora project

    Mumbai: Maharashtra Tourism Development Corporation (MTDC) on Tuesday said it is assisting the Japan International Cooperation Agency (JICA) team on phase-II of the Ajanta Ellora conservation and Tourism Development Project.

  • $1 bn loan from ADB for Super Expressway

    The project will reduce the travelling time between Nagpur and Mumbai to eight hours from the present 16 hours.

  • Metro loan string: 35% purchases to be made from Japan

    BHOPAL :  The Metro Rail Company would have to make 35 per cent of purchases for Metro project in Bhopal and Indore from Japanese companies. This condition has been put forth by Japan International Corporation Agency (JICA) for giving loan for the project.

  • Narendra Modi with his Japanese counterpart Shinzo Abe

    Increasing interdependence of Japan and India

    Last week, Japan’s prime minister, Shinzo Abe, made his second trip to India during the Modi government’s tenure. On this occasion, Prime Minister Narendra Modi remarked how incredulous most people had been when they were told that (in Sept 2014) Japan would invest $35 billion in five years. “The figure had surprised many at that time, but today, within a short time span, unimaginable progress has been made, and the contours of

  • Japan agency in fray to fund Mumbai-Nagpur Expressway

    Mumbai : The state government’s ambitious plan to construct a “communications super expressway” between Mumbai and Nagpur could get financial assistance from Japan International Cooperation Agency (JICA), which has funded various infrastructure projects in Mumbai. The officials of Maharashtra State Road Development Corporation (MSRDC) on Tuesday had a preliminary discussion with the officials of JICA in New Delhi in this regard.

  • JICA is keen on building trans-harbour link: Fadnavis

    Mumbai : Maharashtra Chief Minister Devendra Fadnavis today said the Japan International Cooperation Agency (JICA) has shown keen interest in building trans harbour link between Mumbai and Navi Mumbai.

  • Kerala wants seven cities and not one

    New Delhi : Kerala Chief Minister Oommen Chandy on Saturday asked the Centre to develop seven cities in the state under the Smart City project, after being allotted only one from the lot of 100 cities to be developed across the country.

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