Industry & Economy
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Economy
Japan promises $900-m fresh loan to India
Our Bureau
NEW DELHI, Jan. 10
THE full potential of the Japan-India economic partnership has yet to emerge, said Ms Yoriko Kawaguchi, Minister for Foreign Affairs of Japan.
At a FICCI conference here, she said Japan has much to offer India in the area of investments as well as high technology and managerial skills. In return, the highly-skilled Indian labour force and the increasingly positive environment which the Indian Government is creating through its economic reforms policy, make for conditions which can attract more private investment and lead to the further development of the Indian economy.
On the issue of Japan's official development assistance (ODA) policy, she said, it has a very important role to play in supporting India's economic development and in further strengthening the bonds of trust and co-operation on which the two countries have built their strategic partnership. In spite of severe economic and fiscal conditions, Japan has decided to pledge fresh concessional loans to India, amounting to $900 million.
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