Japan commits Rs 12,800cr for 9 projects in India

The project in Telangana will help discover entrepreneurial skills with focus on women and rural population and support business expansion of MSMEs

New Delhi: The Union Finance Ministry on Tuesday said that the Japanese government has committed a loan of 232.209 billion yen (Rs12,800 cr) for nine projects related to various sectors in India.

The projects included North East Road Network Connectivity, Project for Promoting Start-up and Innovation in Telangana, Project for the Construction of Chennai Peripheral Ring Road, Project for Promoting Sustainable Horticulture in Haryana and Project for Climate Change Response and ecosystem Services Enhancement in Rajasthan.

The road network connectivity projects aim to improve infrastructure development in India’s north-east region, while the Chennai peripheral ring road project aims to alleviate traffic congestion and strengthen connections to the southern part of the state, the finance ministry said in a statement.