India Signs 76 Million US Dollar Loan Deal with Japan International Cooperation Limited (JICA) to Upgrade Alang-Sosiya Shipyards

Posted on:16 Sep 2017 09:28:37
India Signs 76 Million US Dollar Loan Deal with Japan International Cooperation Limited (JICA) to Upgrade Alang-Sosiya Shipyards
16 September 2017 Current Affairs: The Union Government of India signed a loan deal worth $76 million with Japan International Cooperation Agency (JICA).

The total cost of the project will be $ 111 million, out of which $76 million will be provided as a soft loan from JICA.

The project will be executed by Gujarat Maritime Board (GMB) and is likely to be completed by 2022.

The JICA is the governmental agency that coordinates official development assistance (ODA) for Government of Japan.

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