Sunday, November 19 2017

September 15, 2017

India Signs 76 Million US Dollar Loan Deal with Japan International Cooperation Limited

The Govt of India signed a loan deal worth $76 million with Japan International Cooperation Agency, for a project to upgrade the environment management plan at Alang-Sosiya ship recycling yards. The total cost of the project will be $ 111 million, out of which $76 million will be provided as soft loan from JICA. Out of the remaining amount, $25 million as taxes and fees will be borne by Government of Gujarat and the balance $10 million will be shared by Ministry of Shipping & Government of Gujarat. The project will be executed by Gujarat Maritime Board (GMB) and is likely to be completed by 2022.