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        Case ID :
        Income Tax

        Japan’s Official Development Loan Assistance of Yen 30.703 Billion to India for the First Batch of Financial Year 2013 Loan Package

        November 12, 2013

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        The Notes were exchanged here today between Shri Rajesh Khullar, Joint Secretary to Government of India, Department of Economic Affairs, Ministry of Finance and Mr. Takeshi Yagi, Ambassador of Japan to India. Through this Exchange of Notes Japan committed an amount of Yen 30.703 billion (for the first batch of FY 2013 JICA ODA loan package to fund the following 2 (two) projects :-

        Sl. No

        Name of the Project

        Loan amount Rs. Crore

        1

        Campus Development Project of Indian Institute of Technology, Hyderabad (Phase 2)

        1129.45

        2

        Tamil Nadu Investment Promotion Programme

        829.40

         

        Total

        1958.85

        Exchange Rate: JPY 100 = Rs.63.80.

        India and Japan have had a long and fruitful history of bilateral development cooperation since 1958. In the last few years the economic partnership between India and Japan has steadily progressed. This further consolidates and strengthens the Strategic and Global Partnership between India and Japan.

        Official Development Loan Assistance advances infrastructure and investment programmes in India, financing an institute campus and a state investment programme. Japan committed Official Development Loan Assistance of Yen 30.703 billion as the first tranche of the FY2013 loan package to finance two projects in India: the Campus Development Project of IIT Hyderabad (Phase 2) and the Tamil Nadu Investment Promotion Programme, with loan amounts stated in local currency and an exchange rate reference, formalised through an Exchange of Notes.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Official Development Loan Assistance advances infrastructure and investment programmes in India, financing an institute campus and a state investment programme.

                                Japan committed Official Development Loan Assistance of Yen 30.703 billion as the first tranche of the FY2013 loan package to finance two projects in India: the Campus Development Project of IIT Hyderabad (Phase 2) and the Tamil Nadu Investment Promotion Programme, with loan amounts stated in local currency and an exchange rate reference, formalised through an Exchange of Notes.


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