Delhi Mumbai Corridor is a very important link, hence now the freight corridor is a dedicated rail link to carry goods to the two largest cities in India with the DMIC using it as the backbone to develop industrial hubs. !!!! things should be out quickly !
Hmmm even according to the sources, the loans will have a tenure of 40 years will carry 0.1% interest, making them an attractive source of finance for the $90 billion DMIC project!
Thats a huge amount guys.... i think the government has told now that the loan have to ensure that at least 30% of the goods procured have a link with Japan, with consulting work not included in this. !!
Yes that was there but now finance ministry is opposing a loan from Japan, stating that tied aid and will result in a large chunk of the contracts being awarded to companies from the Asian giant through what is called Special Terms for Economic Partnership of Japanese Official Development Assistance Loans.
Actually Mr Harilal, Delhi-Mumbai Industrial Corridor (DMIC) with the finance and commerce & industry ministries are struggling over arranging funds for the project, that is aimed at setting up new towns and manufacturing hubs. Now the arranging funds is big matter for them!