Development of transport infrastructure in Chennai is likely to figure prominently in discussions between Indian officials and the Japan International Cooperation Agency (JICA) in Tokyo next week.
Chennai Metropolitan Development Authority’s (CMDA) member secretary will be part of the team of Indian officials visiting Japan next week. Projects found to be viable are likely to receive JICA funding.
Chennai is one of the cities likely to gain significantly from JICA funding. A team of officials from JICA met with officials of CMDA last week, and reviewed three infrastructure development projects in Madhavaram, Karunakaracheri and Manjambakkam for investment.
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A comprehensive economic partnership agreement between Japan and India went into effect in 2011. As part of the 60th anniversary of Japan-India diplomatic relations, JICA is planning to provide assistance to other projects such as the Chennai-Bengaluru Industrial Corridor. JICA funding will facilitate strengthening of Japan-India academic-industry networks, and human resources development for industries such as manufacturing in many urban areas including the Chennai metropolitan area.
JICA is extending its assistance to contribute to stronger relations between Japan and India. The Chennai-Bangalore Industrial Corridor project is at a conceptual stage and Japan had expressed interest in extending financial and technical support to it.