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INDIA BUSINESS WORLD - 16th March - TO - 31st March - 2009
JAPAN TO GIVE INDIA SOFT LOAN OF RS 7,158 CRORE
India continues to be the highest recipient of soft loan assistance from Japan, which committed an additional Rs 7,158.32 crore to the country, taking the total to Rs 11,713.32 crore for the current fiscal. India and Japan exchanged notes here today for the second installment of Japan International Cooperation Agency’s official development assistance loan package for fiscal 2008-09, the government said in a statement. The fund is for three water supply projects and one urban transport project. The projects include Delhi mass rapid transport system project (Rs 4,061.81 crore), Guwahati water supply project (Rs 1,538.62 crore), Hogenakkal water supply and fluorosis mitigation project in Tamil Nadu (Rs 893.04 crore) and Kerala water supply project (Rs 664.85 crore).
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