Jica

JICA signs ₹75 mn loan deal with ECOM to boost Asian coffee supply chains

The Japan International Cooperation Agency (JICA) has signed a loan agreement for up to USD 75 million with ECOM Agroindustrial Corp Ltd and its group company ECOM Agroindustrial Asia Pte Ltd to support coffee supply chains across Asia, JICA said on Wednesday. The loan, co-financed by the Asian Development Bank (ADB), marks JICA's first exclusive working capital loan and aims to strengthen cooperation with global agricultural trading companies to support Asia's agricultural and food supply chains. The financing will support stable procurement of coffee from over 60,000 smallholder farmers in India, Indonesia, Papua New Guinea and Vietnam, JICA said in a statement. The project includes purchase funds and consulting services such as coffee certification support, climate change adaptation pilot projects and farming support for female farmers. India's coffee industry accounted for 3 per cent of global production in 2022, ranking eighth worldwide, and provides direct employment to over

JICA India chief pushes for opening India market further for investment

Japan and India have recognised key sectors like semiconductors, critical minerals, pharmaceuticals, and clean energy that will receive heightened priority for strategic collaboration

Need to enhance collaboration between India, JICA in farm sector: Agri secy

Agriculture secretary Devesh Chaturvedi on Friday pitched for further collaboration between India and Japan International Cooperation Agency (JICA) in farm and allied sectors. The JICA has expressed interest in collaborating for integration of cutting-edge technologies like drones and Artificial Intelligence (AI) in Indian agriculture. According to an official statement, Takuro Takeuchi, Chief Representative of JICA India, paid a courtesy visit to the agriculture secretary here. Chaturvedi congratulated Takeuchi on his recent appointment as JICA Chief Representative in India and expressed optimism for deepening collaboration between India and JICA in agriculture and allied sectors. The secretary emphasised the critical role of states in advancing India's agricultural development, noting that three ongoing JICA-assisted projects are currently being implemented in Himachal Pradesh, Uttarakhand and Haryana. He said there is a potential for further collaborative projects in other ...

L&T Finance Holdings inks pact with JICA for $125 million funding

The project is strategically aligned with the goals of the Ministry of Rural Development as it focuses on lending in rural and peri-urban areas of lagging Indian states

L&T Fin to borrow $125 million from JICA for on-lending to women, others

L&T Finance Holdings on Tuesday said it will borrow USD 125 million (about Rs 1,038 crore) from the Japan International Cooperation Agency for on-lending to women and other segments. The two entities have signed a financing pact, under which 40 per cent of the money will be allocated to women borrowers, while the rest will support farmers, micro, small and medium-sized enterprises (MSMEs) and loans to purchase new two-wheeler vehicles, including electric two-wheelers. The loan is being raised from JICA as part of a co-financing agreement with Asian Development Bank (ADB) in addition to USD 125 million it had raised from ADB in November last year. LTFH's chief financial officer Sachinn Joshi said the agreement with JICA is a substantial step toward driving sustainability and positive business impact. "This long-term loan also helps us take forward our ongoing strategy of diversifying funding sources for the company," Joshi added. JICA said poverty alleviation is a "pressing issue"

JICA signs Rs 2,800 cr loan pact for Chennai peripheral ring road project

The objective of the project is to meet the rapidly increasing traffic demand in the Chennai metropolitan area, ease congestion, reduce transportation time

Citi, JICA announce co-finance loan to IndusInd Bank for agriculture sector

This includes a $30 million loan by Citi and JPY 13 billion loan by JICA

Freebie culture hurting economic growth, must end: L&T chairman A M Naik

Developing infrastructure should be the govt's top priority, says L&T chairman

Ahmedabad-Mumbai bullet train will bring 'revolution': Japanese ambassador

Japan's ambassador to India Hiroshi Suzuki said on Wednesday that the Ahmedabad-Mumbai bullet train project will bring about a high-speed rail "revolution" upon completion. He was speaking after visiting a construction site of the Surat High Speed Rail (HSR) station on the bullet train route along with National HSR Corporation Limited (NHSRCL) Managing Director Rajendra Prasad. The project has been funded by the Japan International Cooperation Agency (JICA). "I could just see that huge construction work is underway in full throttle, and I look forward to working closely with my Indian friends in the spirit of one project, one team. When this huge project is complete, I am sure it will bring about a new revolution," the ambassador told reporters. "Like the one we have, Suzuki Maruti revolution, I am looking forward to the high-speed rail revolution. The future is very bright," he added. The construction work on Surat-Bilimora stretch of the bullet train in south Gujarat is progres

JICA to consider upcoming corridors of Delhi Metro's phase-4 expansion

Estimated to cost Rs 24,000 crore, the phase looks to connect several gaps in the city's transport infrastructure

What does Japan's $42 billion investment mean for India?

On his first visit to India, Japanese Prime Minister Fumio Kishida pledged an investment of $42 billion over the next five years. So, what are the specifics of this fresh investment? Let us find out

K-Rail: Global agencies including JICA offer support, says Kerala CM

Chief Minister Pinarayi Vijayan has said that various global agencies including Japan International Cooperation Agency (JICA) have already offered financial support to the mammoth initiative.

India needs to focus on improving project preparedness: JICA

JICA is the world's largest bilateral development agency, with India being it's most prominent partner in the world

JICA extends Rs 3,717 cr loan for developing Metro Phase 2 in Bengaluru

Japan International Cooperation Agency (JICA) has signed an agreement with the Government of India

Tata Cleantech, JICA sign 10 bn yen loan deal for climate change projects

The loan will support Tata Cleantech to mitigate the impact of climate change by offering green finance

Have given about Rs 33,000 cr for Western Dedicated Freight Corridor: JICA

Japan International Cooperation Agency has extended a cumulative total of about Rs 33,000 crore in official development assistance for the Western Dedicated Freight Corridor

JICA, WB may power Delhi-Alwar rapid rail; India in talks for $3 bn funding

The project will be completed in three stages and the govt is seeking funds for stage 1

Bullet train project acquires 60% land, but may fail to meet 2023 deadline

Apart from land acquisition, another major cause for concern before the project is cost escalation owing to a fall in the rupee against the Japanese yen.

Covid-19 outbreak: Metro operators lose Rs 700 crore amid lockdown

DMRC to have the largest chunk of revenue loss estimated at Rs 700 cr

JICA grants Rs 11,033-cr ODA loan for Freight Corridor, Mumbai Metro

Japanese ODA loans are long-term low interest rate loans advanced to the developing countries