India and Japan Sign Loan Agreements Worth JPY 191.736 Bn

29 Mar 2025 CW Team

Loan Agreements Signed Between India and JICA The agreements were signed in New Delhi between the Government of India and the Japan International Cooperation Agency (JICA) for the following projects:

Tamil Nadu Investment Promotion Program (Phase 3) (TNIPP-III) – JPY 36.114 billion Project for Capacity Enhancement for Effective Forest Management – JPY 8.280 billion Project for Construction of Chennai Seawater Desalination Plant (II) – JPY 52.556 billion Delhi Mass Rapid Transport System Project (Phase 4 Additional Corridors) (I) – JPY 79.726 billion Assam State Aquaculture Promotion and Livelihood Improvement Project – JPY 3.580 billion Punjab Biodiversity and Natural Resources Conservation Project – JPY 11.480 billion

Project Highlights & Expected Impact Tamil Nadu Investment Promotion Program (TNIPP-III) aims to attract foreign investment, promote emerging sectors, and provide quality jobs by training the workforce in advanced manufacturing skills.

Chennai Seawater Desalination Plant (II) will ensure a safe and reliable water supply by constructing a seawater desalination plant and related infrastructure, thereby improving living conditions and the investment climate in the Chennai Metropolitan Area (CMA).

Forest Management Project focuses on enhancing the capacity of forest personnel by strengthening institutional frameworks, improving training systems, and implementing pilot projects for biodiversity conservation and climate change mitigation.

Delhi Metro Phase 4 Additional Corridors will further expand the mass rapid transit system, fostering regional economic development and reducing traffic congestion and vehicular pollution, ultimately contributing to climate change mitigation.

Assam Aquaculture Promotion Project is designed to increase aquaculture production and enhance the rural livelihoods of fisheries stakeholders by developing the fisheries supply chain and strengthening institutional support.

Punjab Biodiversity Conservation Project will enhance ecosystem services, improve climate resilience, and strengthen wetland management by expanding tree cover outside forests, promoting biodiversity conservation, and supporting local livelihoods.

Strengthening India-Japan Strategic Partnership Since 1958, India and Japan have shared a strong and enduring bilateral development partnership. Economic cooperation remains a cornerstone of India-Japan relations, with steady progress in recent years. These projects further reinforce the Strategic and Global Partnership between the two nations, driving sustainable development and economic growth.

In a significant boost to bilateral economic cooperation, the Government of India and the Government of Japan have signed loan agreements worth JPY 191.736 billion under Japan’s Official Development Assistance (ODA). These agreements will support six key projects across sectors including forest management, water supply, urban transport, aquaculture, biodiversity conservation, and investment promotion. Loan Agreements Signed Between India and JICA The agreements were signed in New Delhi between the Government of India and the Japan International Cooperation Agency (JICA) for the following projects: Tamil Nadu Investment Promotion Program (Phase 3) (TNIPP-III) – JPY 36.114 billion Project for Capacity Enhancement for Effective Forest Management – JPY 8.280 billion Project for Construction of Chennai Seawater Desalination Plant (II) – JPY 52.556 billion Delhi Mass Rapid Transport System Project (Phase 4 Additional Corridors) (I) – JPY 79.726 billion Assam State Aquaculture Promotion and Livelihood Improvement Project – JPY 3.580 billion Punjab Biodiversity and Natural Resources Conservation Project – JPY 11.480 billion Project Highlights & Expected Impact Tamil Nadu Investment Promotion Program (TNIPP-III) aims to attract foreign investment, promote emerging sectors, and provide quality jobs by training the workforce in advanced manufacturing skills. Chennai Seawater Desalination Plant (II) will ensure a safe and reliable water supply by constructing a seawater desalination plant and related infrastructure, thereby improving living conditions and the investment climate in the Chennai Metropolitan Area (CMA). Forest Management Project focuses on enhancing the capacity of forest personnel by strengthening institutional frameworks, improving training systems, and implementing pilot projects for biodiversity conservation and climate change mitigation. Delhi Metro Phase 4 Additional Corridors will further expand the mass rapid transit system, fostering regional economic development and reducing traffic congestion and vehicular pollution, ultimately contributing to climate change mitigation. Assam Aquaculture Promotion Project is designed to increase aquaculture production and enhance the rural livelihoods of fisheries stakeholders by developing the fisheries supply chain and strengthening institutional support. Punjab Biodiversity Conservation Project will enhance ecosystem services, improve climate resilience, and strengthen wetland management by expanding tree cover outside forests, promoting biodiversity conservation, and supporting local livelihoods. Strengthening India-Japan Strategic Partnership Since 1958, India and Japan have shared a strong and enduring bilateral development partnership. Economic cooperation remains a cornerstone of India-Japan relations, with steady progress in recent years. These projects further reinforce the Strategic and Global Partnership between the two nations, driving sustainable development and economic growth.

Building Material

18 Sep 2025

Ambuja Cements Drags JSW Cement to Court Over ‘Kawach’ Brand

Ambuja Cements, part of the Adani Group, has filed a trademark infringement case against JSW Cement in the Delhi High Court, alleging that its rival copied the ‘Kawach’ brand with its new product ‘Jal Kavach’.Justice Manmeet Pritam Singh Arora issued summons to JSW Cement and its subsidiary, JSW IP Holdings Pvt Ltd, while referring the matter to mediation. Hearings are scheduled to resume on October 15 if no settlement is reached.Ambuja, which registered the ‘Kawach’ trademark in 2019, argues that the term ‘Kavach’—meaning shield—is the distinctive feature of its branding. ..

Technology

18 Sep 2025

Bentley Systems Named Innovation Partner of the Year 2025 by Afcons

Bentley Systems, the infrastructure engineering software company, has been recognised by Afcons Infrastructure Limited as its Innovation Partner of the Year 2025 at the Innovation Partners 2025 Felicitation Ceremony in Mumbai. The award acknowledges Bentley’s contribution to Afcons’ engineering digitalisation journey through an enterprise agreement providing access to over 250 Bentley engineering software tools. This adoption has enabled Afcons to accelerate project delivery, standardise digital workflows, and strengthen innovation across its infrastructure portfolio. Among key i..

Infrastructure Urban

18 Sep 2025

SBI Sells 13.18% Stake in Yes Bank to Japan’s SMBC

State Bank of India (SBI) has completed the sale of a 13.18 per cent stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for over Rs 8,889 crore. The divestment is part of a Rs 13,482 crore deal finalised in May with SMBC and seven private banks.Following the transaction, SBI’s shareholding in Yes Bank stands at 10.8 per cent. The deal, involving 4,134.4 million shares at Rs 21.50 each, is the largest cross-border transaction in the Indian banking sector.SBI Chairman C S Setty described the 2020 RBI-led rescue of Yes Bank as a pioneering public-private partnership, addi..