Exchange of Notes concerning Yen Loans to India for the Chennai Metro Phase 2 (I) and 2 Others

On December 21, Mr. Kenji Hiramatsu, Ambassador of Japan to India, and Dr. C.S. Mohapatra, Additional Secretary, Department of Economic Affairs, Ministry of Finance, Government of India, signed and exchanged notes in New Delhi concerning the provision of three yen loan projects (total loan provision of up to JPY 105.497 billion, approximately INR 6,668.465 crore). As a result, Japanese ODA Loan commitment to India reached JPY 421.955 billion, approximately INR 26,671.776 crore) and the all-time-high in FY2018. In addition, India is the largest recipient country of Japanese ODA Loan in FY2018 as well as in FY2017 on the commitment basis.(Link to press release)