JICA to continue financing new Metro projects in India
22 December, New Delhi
Japan International Cooperation Agency today said it will continue to finance new metro projects in India.
A high-level delegation of JICA, led by its President Shinichi Kitaoka held wide ranging and productive talks with Union Urban Development Minister M Venkaiah Naidu here.
Responding to the issues raised by Naidu for further upscaling cooperation, Mr Kitaoka assured that JICA would consider positively the suggestions including sourcing of equipment and rolling stock for metro projects from India in respect of projects financed by it, in consonance with the spirit of Make In India, reducing the time taken for appraisal of projects posed for financing, supporting new metro projects and speeding up the Varanasi Convention Centre Project.
Naidu said JICA has been a reliable and longstanding partner in infrastructure development in India and would like further upscaling of this cooperation.
He said under Make in India campaign, several foreign and Indian companies have expanded their production bases in India and Japanese companies may be encouraged to do so.
He also suggested that the project appraisal time being currently taken by JICA needs to be reduced in the context of growing emphasis on infrastructure development in India.
Seeking speedy execution of the Convention Centre Project in Varanasi for which JICA has agreed to give a grant of Rs 150-crore, Naidu said the Centre could be named as ‘India-Japan Friendship Convention Centre’ in recognition of the time tested and growing cooperation between the two countries.
Responding positively to the suggestion of Mr Naidu, Mr Kitaoka said; ”I have been associated with promotion of India-Japan cooperation for a long time and a friend of India. I met Prime Minister Narendra Modi yesterday and had useful discussions.
In the context of Japanese Prime Minister Shinzo Abe emphasising on infrastructure development in India further to his meeting with Mr Modi, JICA would be happy to do the needful. We are proud of the impact of New Delhi on pollution mitigation and would be happy to be associated with new such projects as well. Japanese companies would be encouraged to set up their India bases to further Make in India efforts and also to increase procurement from Indian companies.”
Naidu noted that there is significant scope for increased involvement of JICA in Micro Tunneling, Pipe Jacking and Trenchless technology for metro projects, Non-revenue water management, Waste water recycling and reuse, capacity building and technology transfer, artificial recharge of acquifers, integrated solid waste management and Metro projects.
Rajiv Gauba, Secretary(UD) also participated in the 40-minute long discussions on various issues.