Japan’s Official Development Loan Assistance of Yen 30.703 Billion to India for the First Batch of Financial Year 2013 Loan Package

The Notes were exchanged here today between Shri Rajesh Khullar, Joint Secretary to Government of India, Department of Economic Affairs, Ministry of Finance and Mr. Takeshi Yagi, Ambassador of Japan to India. Through this Exchange of Notes Japan committed an amount of Yen 30.703 billion (for the first batch of FY 2013 JICA ODA loan package to fund the following 2 (two) projects :-

Exchange Rate: JPY 100 = Rs.63.80.

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