Japan´s partnership with India spans nearly 60 years. The country´s ODA to India started in 1958, when a concessionary ODA loan of Ñ18 billion was extended to supplement the implementation of the Second Five-Year Plan, at the request of the then Prime Minister Jawaharlal Nehru.
The year 2015 saw some positive moves aimed at easing flow of capital to infrastructure projects. The year 2016 should see further easing and resultant positive impacts on FDI in the construction, railways and defence sectors.
Huge opportunities to be seen for the Japanese investors in the Delhi Mumbai Industrial Corridor (DMIC) as the project is at an implementation stage. As per reports, work has already started in areas including Dholera, Aurangabad, Vikram-Udyogpuri and Greater Noida nodes, where land allotment is expected to begin in a couple of months.
The government´s vision of building smart cities spells good news for real estate! The real-estate sector contributes around 6 per cent to India´s GDP. And with the government´s vision of building 100 smart cities, this is expected to increase to 10-12 per cent by 2022.
Major players from hospitality, retail, construction and other sectors have held wide-ranging discussions with the Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) on investment and partnership opportunities in the Rs 26,000 crore International Exhibition-Cum-Convention Centre (ECC) proposed to be built in Dwarka, New Delhi.
India is acquiring quite the reputation for construction! Major infrastructure projects in the country that have been internationally lauded include the Metro Rail, Chenab Bridge, Qazigund Tunnel and Eastern Freeway along with the Golden Quadrilateral highway network, port connectivity and national waterways.