User: ifinews Topic: IFIs
Category: jbic
Last updated: Mar 17 2017 23:29 IST RSS 2.0
 
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Government may allow power companies to index rupee debt with global currencies 14.1.2016 ET: Power
Goyal said that the government is considering allowing power companies to index rupee debt with global currencies to attract cheaper long-tenor loans from foreign banks.
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Ease ECB rules for infrastructure companies: Centre to RBI 27.12.2015 Asian Age: Business

The government has asked the Reserve Bank to reconsider its external commercial borrowing (ECB) norms to allow foreign currency debt to infrastructure sector for medium term also.

In a letter to RBI governor Raghuram Rajan, road, transport and highways secretary Vijay Chhibber has urged him to examine the ECB policy to allow overseas borrowings under medium term also.

The RBI, in November, allowed infrastructure companies to access long-term foreign currency denominated ECB with maturity of 10 years (Track II) and Indian rupee-denominated ECB with average maturity of three to five years ((Track III) .

“Limiting ECBs in the infrastructure sector in Track II and III only is restrictive and international lenders including JBIC in the current scenario, may not be forthcoming to provide long-term ECBs to Indian infrastructure companies,” he said.

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Ease ECB rules for infrastructure companies: Centre to RBI 27.12.2015 Asian Age: Business

The government has asked the Reserve Bank to reconsider its external commercial borrowing (ECB) norms to allow foreign currency debt to infrastructure sector for medium term also.

In a letter to RBI governor Raghuram Rajan, road, transport and highways secretary Vijay Chhibber has urged him to examine the ECB policy to allow overseas borrowings under medium term also.

The RBI, in November, allowed infrastructure companies to access long-term foreign currency denominated ECB with maturity of 10 years (Track II) and Indian rupee-denominated ECB with average maturity of three to five years ((Track III) .

“Limiting ECBs in the infrastructure sector in Track II and III only is restrictive and international lenders including JBIC in the current scenario, may not be forthcoming to provide long-term ECBs to Indian infrastructure companies,” he said.

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Allow infra firms to access medium term foreign debt: Vijay Chhibber 27.12.2015 News
In a letter to RBI Governor, Chhibber has urged him to examine the ECB policy
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Allow infra firms to access medium term foreign debt: Centre tells RBI - Economic Times 27.12.2015 "RBI" - Google News
Allow infra firms to access medium term foreign debt: Centre tells RBI Economic Times ... wrote that under the circumstances there would be limited scope for OECD (Organisation for Economic Cooperation and Development)member countries to extend export credit to Indian infrastructure companies as per the revised ECB framework of ...
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Japan promises Rs 83,000-cr 'Make in India' fund to boost investments 13.12.2015 Asian Age: India
Related Images It said that Prime Minister Abe expressed his expectation on further enhancement of reform measures including in the financial sector."The two prime ministers decided to deepen mutual cooperation regarding the Make-in-India policy," the statement notes. The two sides also reaffirmed the "intention to develop 'Japan Industrial Townships (JITs)', with investment incentive for companies that would not be lower than under the prevailing policy framework such as Special Economic Zone (SEZ), and National Investment and Manufacturing Zone," it added. "Moreover, both sides will work toward evolving special packages for attracting Japanese investment in the JIT in India," the statement said. Both countries also welcomed the progress in the flagship projects such as the Western Dedicated Freight Corridor and reaffirmed the determination to expedite the Delhi-Mumbai Industrial Corridor (DMIC) projects. India and Japan further concurred to take the Chennai-Bengaluru Industrial Corridor (CBIC) project ...
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Japan promises Rs 83,000-cr 'Make in India' fund to boost investments 13.12.2015 Asian Age: India
Related Images It said that Prime Minister Abe expressed his expectation on further enhancement of reform measures including in the financial sector."The two prime ministers decided to deepen mutual cooperation regarding the Make-in-India policy," the statement notes. The two sides also reaffirmed the "intention to develop 'Japan Industrial Townships (JITs)', with investment incentive for companies that would not be lower than under the prevailing policy framework such as Special Economic Zone (SEZ), and National Investment and Manufacturing Zone," it added. "Moreover, both sides will work toward evolving special packages for attracting Japanese investment in the JIT in India," the statement said. Both countries also welcomed the progress in the flagship projects such as the Western Dedicated Freight Corridor and reaffirmed the determination to expedite the Delhi-Mumbai Industrial Corridor (DMIC) projects. India and Japan further concurred to take the Chennai-Bengaluru Industrial Corridor (CBIC) project ...
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Japan sets up Rs 83,000-crore 'Make-in-India' fund to boost investments 13.12.2015 DNA: India
Seeking to step up bilateral cooperation, Japan has set up a 'Make-in-India' fund of 1.5 trillion yen (approximately Rs 83,000 crore), while India promised to devise a special package of incentives for attracting investments in 'Japan Industrial Townships'. Prime Minister Narendra Modi welcomed the 'Japan-India Make-in-India Special Finance Facility' of up to 1.5 trillion yen by Nippon Export and Investment Insurance (NEXI) and Japan Bank for International Cooperation (JBIC), according to a joint statement issued after the meeting between Modi and Japanese Prime Minister Shinzo Abe on Saturday. This agreement aims at promoting direct investment from Japan to India and to support their business activities with counterparts in India, including development of necessary infrastructure, and to help materialise 'Make-in-India', the statement noted. A strong economic partnership between India & Japan is vital. Spoke about economic ties at Business Leaders Forum.  ...
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Rs 83,000 cr Japan fund for Make in India 12.12.2015 deccanherald.com
Seeking to step up bilateral cooperation, Japan has set up a "Make in India" fund of 1.5 trillion yen (about Rs 83,000 crore), while India promised to devise a special package of incentives for attracting investments in "Japan Industrial Townships". Prime Minister Narendra Modi welcomed the "Japan-India Make-in-India Special Finance Facility" of up to 1.5 trillion yen by Nippon Export and Investment Insurance and Japan Bank for International Cooperation, a joint statement issued after the meeting between Modi and Japanese Prime Minister Shinzo Abe stated. This aims at promoting direct investment from Japan to India and to support their business activities with counterparts in India, including development of necessary infrastructure, and to help materialise "Make in India", it stated. It said that Abe expressed his expectation on further enhancement of reform measures, including in the financial sector. "The two prime ministers decided to deepen mutual cooperation regarding the Make-in-India policy," it ...
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Japan's $12 billion 'Make in India' fund to push investments 12.12.2015 ET: Economy/Finance
This $12 billion by NEXI and JBIC, aims to promote direct investment of Japanese cos and trade from Japan to India, to support their business activities with counterparts in India.
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Japan to set up financial facility for 'Make in India' initiative 12.12.2015 All News-IANS Stories
Japan will set up a new financial facility worth 1.5 trillion yen ($12 billion) under the "Make in India" initiative to promote direct investment of Japanese companies and trade from Japan to India, it was announced on Saturday.
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Modi, Abe sign $35-bn pact 12.12.2015 News
Japan to fund bullet train and other projects; agreement finalised on civil nuclear cooperation
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Japan to set up financial facility for 'Make in India' initiative 12.12.2015 New Kerala: Business India
New Delhi, Dec 12 : Japan will set up a new financial facility worth 1.5 trillion yen ($12 billion) under the "Make in India" initiative to promote direct investment of Japanese companies and trade from Japan to India, it was announced on Saturday.
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Shinzo Abe in India: Japan's 1.5-trillion yen 'Make in India' fund to push investments 12.12.2015 DNA: Mumbai
Seeking to step up bilateral cooperation, Japan has set up a 'Make in India' fund of 1.5 trillion yen (about Rs 83,000 crore), while India promised to devise a special package of incentives for attracting investments in 'Japan Industrial Townships'. Prime Minister Narendra Modi welcomed the 'Japan-India Make-in-India Special Finance Facility' of up to 1.5 trillion yen by Nippon Export and Investment Insurance and Japan Bank for International Cooperation, a joint statement issued after the meeting between Modi and Japanese Prime Minister Shinzo Abe said today. This aims at promoting direct investment from Japan to India and to support their business activities with counterparts in India, including development of necessary infrastructure, and to help materialise 'Make-in-India', it said. It said that Prime Minister Abe expressed his expectation on further enhancement of reform measures including in the financial sector. "The two Prime Ministers decided to deepen mutual cooperation regarding the ...
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Full Text: India-Japan joint statement focuses on defence ties and civil nuclear energy 12.12.2015 DNA: Wide Angle
Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe held delegation-level talks at the Hyderabad House in New Delhi on Saturday. Taking their robust bilateral ties to a new level, India and Japan today inked a number of pacts in key areas of defence and nuclear energy as well as building of first bullet train network between Mumbai- Ahmedabad at a cost of about Rs 98,000 crore. The strategic pacts were inked after the summit between Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe during which they also discussed international and regional issues of mutual importance including UN security reforms. The following is the full text of Joint Statement on India and Japan Vision 2025: Special Strategic and Global Partnership Working Together for Peace and Prosperity of the Indo-Pacific Region and the World. December 12, 2015 H.E. Mr. Shinzo Abe, Prime Minister of Japan, is paying an official visit to India at the invitation of H.E. Mr.  Narendra Modi , Prime Minister of the ...
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Full text: Joint Statement on India and Japan Vision 2025 12.12.2015 FirstPost: Politics

The joint statement underlines the several subjects on which that India and Japan plan to work together.

The post Full text: Joint Statement on India and Japan Vision 2025 appeared first on Firstpost.

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The 10 major agreements that will strengthen India-Japan ties 11.12.2015 All Economy & Policy Stories
The Indian Cabinet has given its nod to set up India 's first 500-km-long bullet train project.
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India, Japan may launch company to fund road projects 11.12.2015 ET: Infrastructure
JBIC is one of the bigger providers of funding for large infrastructure projects and has already made significant commitments to several power projects in India.
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India to tap low-interest loan from Japan for infra projects 11.12.2015 TOI: India Business
The road transport ministry is mooting a proposal of setting up a framework to tap Japanese funds at cheaper interest rates for infrastructure projects.
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Costly 'cleaner' coal fights for space in emissions debate 1.12.2015 Sify Finance
By Krishna N. Das, Tommy Wilkes and Yuka Obayashi
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