CURRENT AFFAIRS

Detailed explanation-1: -On March 31, the Japan International Cooperation Agency (JICA) signed loan agreements with the Government of India in Delhi, to provide Japanese ODA loans of up to a total of 312.258billion yen for the following seven projects.

Detailed explanation-2: -Japan is the fifth largest foreign investor in India, key sectors being automobiles, food processing, chemical companies, renewable energy, textiles and electronic systems design and manufacturing. To facilitate such investments by Japanese companies, the government has introduced several schemes and incentives.

Detailed explanation-3: -“With this project, we aim to simplify mobility and ease connectivity with a safe and reliable inter-city transport system. This Japan-India collaboration will ensure Transfer of Technology from Japan’s High Speed Rail system to India, and also give a boost to “Make in India” initiative, ” Jun added.

Detailed explanation-4: -Daikin and Suzuki Motor Corporation also feature in the list of companies wishing to expand in India. Suzuki Motors has already firmed up plans of investments of about Rs 10, 440 crore (150 billion yen) -in building a new factory for production of electric vehicles battery by 2025.