Japan Extends 192 Billion Yen Loan for Six Key Projects in India

01 Apr 2025 CW Team

India and Japan have signed loan agreements worth 191.736 billion Yen under Japan’s Official Development Assistance, supporting six major projects in forest management, water supply, urban transport, aquaculture, biodiversity conservation, and investment promotion, the Finance Ministry announced.

The agreements, signed with the Japan International Cooperation Agency (JICA) on Thursday, include funding for the Tamil Nadu Investment Promotion Programme (36.114 billion Yen), the Chennai Seawater Desalination Plant (52.556 billion Yen), and the Delhi Metro expansion (79.726 billion Yen). Other projects include forest management in multiple states (¥8.280 billion), aquaculture promotion in Assam (3.580 billion Yen), and biodiversity conservation in Punjab (11.480 billion).

These projects aim to enhance sustainable economic growth, improve water security, mitigate climate change, and bolster regional development. Strengthening economic ties, this collaboration reinforces the India-Japan Strategic and Global Partnership.

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