Monday, November 24, 2008

Japan and India to develop Indian infra structure

Japan seems to have overcome its reluctance to invest heavily in India.It will now go ahead with its largest ever loan package for a single overseas project.The project, worth about 450 billion yen, will build a freight rail connection between New Delhi and Mumbai.This dedicated freight corridor will be about 1,500 kilometers long.
Japan's involvement is a clear sign that Japanese companies will continue to invest in India in a big way and this freight link will be an incentive for Japanese companies to further develop their assets in India. Japan obviously now sees India as a target for its private sector.
The spin off for Australia from any large infra- structure development in the Asian region is clear.

The bounce will come!!

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