Japan hardly imports $30 bln annually from India an dis almost entirely dependen to n Chinese imports for its local economy. However it has been developing India with annual Capital investments of INR 90 bln or $2 bln and an almost equal amount of INR 88 bln or another $ 2 bln in development aid this year.
Japan is providing $4.5 bln in the Delhi Mumbai Industrial Corridor looking a developing more than 12 new citiies on the route amongside the larger Dedicated Freight Corridor which encompasses the nation across its two legs Delhi – Kolata and Delhi Mumbai,. The Eastern corridor of the DFC itself costs $10 bln while the DMIC is envisaged to cost $90 bln. The freight corridpor speeds up our Logistics gap while the DMIC undertakes urbanisation in new zones to catch up with the China equation
The Japanese and Indian governments agreed Wednesday to set up a three-year, $15 billion bilateral currency swap line in an effort to buttress their economies against Europe’s sovereign debt crisis.
Yamini Chao | The Image Bank | Getty Images
The new swap line–five times the previous arrangement, which expired in early summer–follows a Japan-South Korea deal in October to boost their bilateral swap pact to $70 billion from $13 billion.
The moves signal spreading doubts among Asian economic powerhouses about the ability of European leaders to fix their problems anytime soon.
- Japan stepping up ties with India: Noda (ibnlive.in.com)
- Japan keen to pick up 26 % in DMIC (thehindu.com)
- India, Japan to firm up strategic ties (thehindu.com)
- You: Japan, India expected to upgrade bilateral currency swap agreement (japantimes.co.jp)
- Ambitious industrial project (thehindu.com)
- Japan’s Noda heads to India on economic mission (thehimalayantimes.com)