Japan plans heavy investment in MP

Mon, 2015-10-12 11:01 -- SCC India Staff

JICA

Madhya Pradesh seems to be all set to receive a deluge of funding from Japanese firms in core infrastructure projects following a 10-day trip by the chief minister Shivraj Singh Chouhan, to Japan and South Korea.

During his visit, the minister met with Japan Bank for International Cooperation officials who were informed regarding investment possibilities in the proposed Japan Industrial Township (JIT) in Pithampur and other projects.

According to reports, the Japan International Cooperation Agency (JICA) which extends loans for infrastructure projects in developing countries has expressed agreement over financing three projects in the state including Rs 12,000 crore for the Indore-Bhopal metro.

Among others, JICA would invest Rs 2,200 crore in the Madhya Pradesh Power Transmission Company and an other Rs 2,000 crore in potable water projects for the rural areas.

Further, the minister said that SoftBank Group Corporation too expressed its interest in investing up to Rs 10,000 crore in solar power projects.

Also read:

Germany offers euro 1 bn concessional loan for India's solar sector

New Town Kolkata gets UK support for smart city plan

JICA readies master-plan for Ponneri Smart City