Japan to invest $1.8bn in infra of India's North Eastern states
Assam, Meghalaya, Sikkim, Tripura, Mizoram, and Nagaland on radar as PM Modi government paves way for bamboo business
Japan will invest $1.8bn in projects across India's North Eastern states of Assam and Meghalaya, it was revealed following a meeting between India's Minister of Development of North Eastern Region, Dr Jitendra Singh, and a Japanese delegation led by Ambassador Kenji Hiramatsu, during which the minister said India's PM Narendra Modi-led government had paved the way for both countries to collaborate on bamboo-related business.
Among the projects that Japan will invest in are the Guwahati Water Supply and Guwahati Sewage projects in Assam, and the Northeast Road Network Connectivity Improvement scheme that covers Assam and Meghalaya.
India's Biodiversity Conservation and Forest Management project in Sikkim, the Sustainable Forest Management project in Tripura, Technical Cooperation Project for Sustainable Agriculture and Irrigation in Mizoram, and Forest Management Project in Nagaland will also receive Japanese investment.
Singh acknolwedged Japan's commitment to the development of the Indian northeast during his meeting with the delegation, according to Construction Week's sister title Construction Week India.
He added that new areas of collaboration would also be sought between India and Japan, with the PM Modi government's amendment to India's 90-year-old Indian Forest Act of 1919, implemented during the era of British Raj, also likely to spur the growth of the northeast's homegrown bamboo industry.