Japan is to invest a $4.5 billion in DMIC project

Japan expresses its intentions of investing $4.5 billion on Delhi-Mumbai Industrial Corridor for the next five years. India’s ambitious $90 billion project is aimed at creating industrial infrastructure along the Delhi-Mumbai Rail Freight Corridor. This is a company that is aimed at developing an Industrial Zone spanning across six states in India. The project will include industrial clusters of rail roads, port, and air connectivity amongst the six states.

Japan is supporting India’s project by aiding them in financial and technical support. Japan’s private and public finance will total a $4.5 billlion for the next five years. To do so Japan will have to acquire money from banks and obtaining a loan from the official development assistance. Although this might be difficult for Japan, the two prime ministers one from Japan and another from India are very pleased with this project. What can be said is that  this project will lead to economic growth for India, while Japan can obtain part ownership of it.

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