Japan to Construct Delhi-Mumbai industrial corridor

December 14, 2006	(Be the first to rate this story!)  Loading ...
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Apart from sharing a global vision of peace and stability, India and Japan are now marking a new eon of economic prosperity, a milestone of which is the success of Delhi Metro Project.

Business relationships between these two great countries are all set to get more strengthened with development of a Delhi-Mumbai industrial corridor which will symbolize the new vivacity in economic relationships between Asia’s chief economies.

The first round of the meeting regarding signing an economic partnership agreement (EPA) will be held soon. The EPA would include discussion on different issues like trade in goods and services, investment promotion, and intellectual property rights.

This ambitious project will come along the Delhi-Mumbai multi-modal freight route and will provide an array of amenities including power facilities, rail connectivity to ports en route and development of ports on western coast of India.

There is plan to develop a multitude of industrial estates and clusters with top of the line infrastructure along the corridor to grab the attention of more and more potential foreign investors which, in turn, will give a fillip to the economic development of the country.

A task force under Japan’s vice-minister in the ministry of economy, trade and industry and the secretary of India’s department of industrial policy and promotion will shed light on eloquent details regarding the project.

Indian Commerce Minister, Kamal Nath held talks with Japanese Minister of Economy, Trade and Industry, Akira Amari. Both the reverend ministers took up the discussions to increase trade and investment flows between the two countries and covered the ongoing multilateral trade talks at the World Trade Organization.

In addition, Japan is showing good interest to share its own growth experience with India and may soon start with the development of Phase-II of Delhi Metro.

Numbers of Japanese companies are keen to pump in money in India, says Mr. Nath. However, he oversees infrastructure issues in India to be a major constraint to attract more Japanese investment.

News Published Under:   Real Estate India, Delhi, Mumbai |

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