Three major infrastructure projects are set to start as cooperation between Japan and India, according to officials who organize the upcoming visit of Japan’s prime minister Yoshihiko Noda to New Delhi.
The building of a solar power generation system, gas-fired power production and seawater desalination are the three projects that could help India to develop infrastructure and Japan to boost economic growth.
The projects were outlined in a common initiative in 2006, according to which Japanese companies will help building a freight railway between Delhi and Mumbai and several industrial complexes along the so-called “Delhi-Mumbai Industrial Corridor”, a $90 billion investment.
Japan’s Hitachi and Mitsubishi are among the companies that will work on the new projects.
Noda is expected to solve the latest details of the agreement in a meeting with his Indian counterpart. The projects will be ready to go after the two countries ink a memorandum of understanding on the three projects, possibly in January, when Japan’s economy minister Yukio Edano will visit India.
Japan is also planning to invest $4.5 billion, or Y350 billion, over the next five years to promote the Delhi-Mumbai Industrial Corridor.