Japan’s Official Development Loan Assistance to India for an Amount of Yen 50 Billion (Rs.2620 crore Approx.) for the PPP Infrastructure Financing Project of IIFCL

The Notes were exchanged  between Shri Rajesh Khullar, Joint Secretary, Department of Economic Affairs, Ministry of Finance, Government of India and Mr.Takeshi Yagi, Ambassador of Japan to India. Through this Exchange of Notes, Japan has committed JICA ODA loan for an amount of Yen 50 billion (Rs.2620 crore approx. at Exchange Rate of : ₹ 1=Yen 1.91) for the PPP Infrastructure Financing Project of IIFCL.

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.