Japan commits Rs 2,620-cr development loan assistance to India

NEW DELHI: Japan today committed Rs 2,620 crore development loan assistance to India for PPP infrastructure financing project of IIFCL.

Japan has committed a loan for an amount of Yen 50 billion (Rs 2620 crore approx) for the PPP infrastructure financing project of IIFCL, Finance Ministry said in a statement.

Department of Economic Affairs Joint Secretary Rajesh Khullar and Ambassador of Japan to India Takeshi Yagi, among others, were present at the event.

India and Japan have had a long and fruitful history of bilateral development cooperation since 1958.

In the past few years, the economic partnership between India and Japan has steadily progressed. This further consolidates and strengthens the strategic and global partnership between India and Japan, the statement said.