Signing of Exchange of Notes on Japanese ODA Loan of 371.345 Billion JPY

The Exchange of Notes on Japanese ODA Loan totaling JPY 371.345 billion for the nine projects (Link to press release), approximately INR 21,590 crore, were signed in New Delhi on March 31^st, 2017, between Mr. Kenji Hiramatsu, Ambassador of Japan to India, and Mr. S. Selvakumar, Joint Secretary, Department of Economic Affairs, Ministry of Finance, Government of India. As a result, Japanese ODA Loan commitment to India reached the all-time high in FY 2016. India is the largest recipient of Japanese ODA Loan in FY2016 as well as FY 2015 on the commitment basis.