https://www.taxtmi.com/news?id=12283 Cabinet approval authorises use of JICA STEP official development assistance loans for DMIC, to fund trunk infrastructure and transport connectivity projects that may lack initial commercial viability. JICA will consult Japanese firms and seek price discovery via participation of at least two companies/consortia. STEP conditions permit that goods otherwise sourced from Japan may be procured from Indian companies where Japanese firms hold significant equity, encouraging joint ventures and technology transfer. The concessional loan covers up to full project cost and features a long repayment tenor and moratorium to reduce financing costs relative to standard ODA loans. en-us Tue, 21 Jan 2014 10:23:27 +0530 Tue, 21 Jan 2014 10:23:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12283 Cabinet approval authorises use of JICA STEP official development assistance loans for DMIC, to fund trunk infrastructure and transport connectivity projects that may lack initial commercial viability. JICA will consult Japanese firms and seek price discovery via participation of at least two companies/consortia. STEP conditions permit that goods otherwise sourced from Japan may be procured from Indian companies where Japanese firms hold significant equity, encouraging joint ventures and technology transfer. The concessional loan covers up to full project cost and features a long repayment tenor and moratorium to reduce financing costs relative to standard ODA loans. News - Tue, 21 Jan 2014 10:23:27 +0530 https://www.taxtmi.com/news?id=12283