TOKYO:
Japan will provide up to 30 billion dollars in loans and investments to support
construction of major infrastructure in India, a newspaper said on
Friday.
The fund will be
announced when Economy, Trade and Industry Minister Akira Amari visits India
later this month along with high-ranking officials from Japanese businesses, the
Nikkei business daily
said.
Under the plan, the
Japanese government and corporate sector will help finance India's national
project to build a freight rail network, industrial parks, ports and other
infrastructure in Delhi and Mumbai, it
said.
It will be one of Japan's
largest financial commitments for an overseas project of this type, the Nikkei
said.
The Indian government
estimates the project will cost a total of 90 billion dollars by
2019.