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MENAFN - Qatar News Agency - 15/11/2012

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(MENAFN - Qatar News Agency) Japan is planning to invest 1.2 trillion yen (15 billion dollars) in 19 infrastructure projects in western India through coordinated government and private-sector work, the Nikkei business daily reported Wednesday.

The projects will form the core of the Delhi-Mumbai Industrial Corridor, an infrastructure scheme that the two countries drew up to meet pressing needs, the report said without citing any sources.

The projects include a desalination plant, a liquefied natural gas power plant, next-generation grids and power plants and transportation and distribution projects, the Nikkei said.

Japan is to present a list of the plans to Indian Prime Minister Manmohan Singh during his visit to Japan starting Thursday, the report said.

Singh and his Japanese counterpart, Yoshihiko Noda, are expected to reach an agreement on the plans in a meeting scheduled for Friday.

With Japan's relations with China deteriorating, it is increasingly important for Tokyo to expand collaboration with India, both in terms of the economy and foreign policy, government officials were quoted by the Nikkei as saying.

 






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