Japan will extend a loan of Rs 2,239 crore to India for ‘North East Road Network Connectivity Improvement Project’ to improve the National Highway 40 (NH-40) and construct a bypass on NH-54 in the Northeast. The project is expected to contribute to the improvement of the intra-regional and international connectivity through regional economic development.
A memorandum of understanding to set up India Japan Act East Forum with an aim to marry India’s Act East Policy with Japan’s Free and Open Asia-Pacific strategy in the backdrop of China’s One Belt One Road initiative is among the major agreements signed during Japanese Prime Minister Shinzo Abe’s visit to India for the 12th Indo-Japan annual summit, experts said.
The forum will enhance connectivity and promote developmental projects in India’s Northeast region in an efficient and effective manner, according to the MoU signed following the summit in Gandhinagar on Thursday.
Japan has a historic connection to the Northeast and is among the few countries that India has allowed a presence in the eight landlocked states which are the country’s gateway to the Association of Southeast Asian Nations members.
India and Japan on Thursday also signed a document on Japanese loan and aid for highway development in the Northeast that can complement India's connectivity initiatives in Bangladesh, Myanmar and beyond, besides BBIN (Bangladesh, Bhutan, India, Nepal) and BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) Motor Vehicle Agreements.
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Japan will extend a loan of Rs 2,239 crore to India for ‘North East Road Network Connectivity Improvement Project’ to improve the National Highway 40 (NH-40) and construct a bypass on NH-54 in the Northeast. The project is expected to contribute to the improvement of the intra-regional and international connectivity through regional economic development.
A memorandum of understanding to set up India Japan Act East Forum with an aim to marry India’s Act East Policy with Japan’s Free and Open Asia-Pacific strategy in the backdrop of China’s One Belt One Road initiative is among the major agreements signed during Japanese Prime Minister Shinzo Abe’s visit to India for the 12th Indo-Japan annual summit, experts said.
The forum will enhance connectivity and promote developmental projects in India’s Northeast region in an efficient and effective manner, according to the MoU signed following the summit in Gandhinagar on Thursday.
Japan has a historic connection to the Northeast and is among the few countries that India has allowed a presence in the eight landlocked states which are the country’s gateway to the Association of Southeast Asian Nations members.
India and Japan on Thursday also signed a document on Japanese loan and aid for highway development in the Northeast that can complement India's connectivity initiatives in Bangladesh, Myanmar and beyond, besides BBIN (Bangladesh, Bhutan, India, Nepal) and BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) Motor Vehicle Agreements.
Confirm your financial future with best service advantages of Ripples Advisory Private Limited and here we provide best recommendations for you SUBSCRIBE NOW >>http://ripplesadvisory.com/nifty-future.php
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