These are untied loans, meaning SBI has freedom to use this money to lend. They also do not come with any conditions attached for lending to specific projects or programmes.
An interview with Hiroshi Watanabe, president and chief executive of the Japan Bank for International Cooperation.
India has become the most sought destination for investment by Japanese companies, next to China, and ahead of other Asian countries and emerging economies like Russia, Brazil, Mexico and even the United States and the United Kingdom.
Stepping up efforts to clean Ganga at Varanasi, the government has signed a loan agreement of Rs 552 crore (Rs 5.52 billion) with the Japan Bank for International Cooperation for an ambitious project, the Lok Sabha was informed on Friday.
Chindwara, a small district in Madhya Pradesh, stole the limelight during a business and economic summit that wound up in Tokyo on Friday by securing Rs 563.14 crore ($125 million) funding for an irrigation project.
Japan Bank for International Cooperation has approved a loan of 7331 million yen for the development of Ajanta Ellora Phase II.
Japanese companies are planning investments of about Rs 75,000 crore
An article in China's Global Times warned Beijing that China needs to worry about the effect of industrial transfer to India on production chain
However, survey by Japanese firm shows India as most preferred Asian market for Japanese investors.
Money to come only after Delhi improves biz environment & fast-tracks work.
While the two high-profile exits in pharmaceutical and telecom have raised concerns over regulatory hassles in the country, Japanese investors are still keen to tap into India's consumer growth story and many more merger and acquisition deals are in the offing in this space.
Downplaying concerns of delay, Amitabh Kant, managing director of Delhi-Mumbai Industrial Corridor Development Corporation (DMIC), says the project will be delivered on time.