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Andrew Bonwick
Vice President of Product Development at Relm Insurance
Madhav Sheth
CEO of Ai+ Smartphone
Stephen Rose
CEO Render Networks
The Government of Japan has committed an Official Development Assistance (ODA) loan of JPY 275.858 billion (approximately Rs 16,420 crore) to India for four major projects spanning urban transport, healthcare, and agriculture sectors. The projects will be implemented across the states of Punjab, Karnataka, and Maharashtra, according to an official statement from the Ministry of Finance dated March 27, 2026.
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Agreements Signed Between India and JICA
The exchange of notes took place on March 24, 2026, between Alok Tiwari, Joint Secretary, Department of Economic Affairs, Ministry of Finance, Government of India, and Keiichi Ono, Ambassador of Japan to India. Loan agreements were also signed between the Government of India and the Japan International Cooperation Agency (JICA), according to the Ministry.
Key Projects and Fund Allocation
The funded projects include the Bengaluru Metro Rail Project (Phase 3) (I), with an allocation of JPY 102.480 billion, and the Mumbai Metro Line 11 Project (I), with JPY 92.400 billion. Additionally, JPY 62.294 billion has been earmarked for strengthening tertiary healthcare delivery, as well as medical and nursing education systems, in Maharashtra, while JPY 18.684 billion will support sustainable horticulture development in Punjab.
Bengaluru Metro Rail Project
The Bengaluru Metro Phase 3 project aims to address rising traffic demand in the Bengaluru Metropolitan Region by expanding the city’s mass rapid transit system. It is expected to boost regional economic development, improve urban living conditions, and contribute to climate change mitigation by reducing congestion and vehicular pollution.
