Home / Knowledge / News / Textiles / Indian infrastructure projects to get Japanese investment
Indian infrastructure projects to get Japanese investment
02
Sep '14
Mr. Modi (L) with Mr. Abe/c: narendramodi.in
Mr. Modi (L) with Mr. Abe/c: narendramodi.in
Infrastructure projects in India are going to get a big push as the Government of Japan has promised 3.5 trillion yen (about US$ 34 billion) of public and private investment and financing from Japan to India over the next five years, according to a joint statement by visiting Indian Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe.
 
Japanese funding would be made available for several projects, including next generation infrastructure projects, smart cities, introduction of high-speed railway, rejuvenation of Ganga river, as well as in Indian Government’s initiatives in several other fields like manufacturing, skill development, clean energy, etc.
 
Prime Minister Modi promised that the Indian Government would create special mechanisms like ‘Japan Fast Track Channel’ for the benefit of Japanese investors willing to invest in India.
 
Earlier, addressing business leaders, Mr. Modi said, “If Asia has to lead, India and Japan will have to come together and take the development agenda to greater heights.”
 
During his five-day visit to Japan, Prime Minister Modi is expected to meet Uniqlo chairman Tadashi Yanai to further discuss the Japanese clothing major’s multi-billion dollar India investment plan.
 
At present, Japan is the fourth-largest foreign direct investor into India.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 18th Feb 2017

Bangladesh apparel sector has 95% local investors: BGMEA

Over 95 per cent of the total investors in the Bangladesh apparel...

Textiles | On 18th Feb 2017

Smriti Irani resolves cutting of carpets issue at ports

During a meeting held with stake holders of the carpet weaving...

Apparel/Garments | On 18th Feb 2017

Andhra Pradesh inks MoUs to set up 12 apparel units

At the recent CII Partnership Summit held in Hyderabad, memorandum of ...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search