<img class="gwt-Image" src="/photo/50135733.cms" />When Japanese Prime Minister Shinzo Abe will come to India, apart from discussions on the bullet train project, talks will also be held on road infrastructure. 
 
If everything goes as per planned, Japan will collaborate in India’s road-building efforts. 
 
In this regard, India and Japan will launch a company to fund road projects and will have an equal stake in that firm. 
 
"The cost of raising a loan would not be more than 5%, including hedging, which is expected to be 4-4.5%," an official told ET. 
 
India wants to add length of its highways by 50,000 km in the next five years, from present 96,000. This is a plan which requires an investment of Rs 5 lakh crore. 
 
Reportedly, JBIC is one of the bigger providers of funding for large infrastructure projects. It holds equity in the Delhi-Mumbai Industrial Corridor project. 
 
(Image: Indiatimes)

After bullet train, Japan will also give its Midas touch to Indian roads

NEW DELHI: The high-profile composition of the business delegation set to accompany Prime Minister <keyword id="6354477" type="PERSON" weightage="80" keywordseo="Narendra-Modi">Narendra Modi</keyword> to <keyword id="6355311" type="COUNTRY" weightage="80" keywordseo="Japan">Japan</keyword> points to new vistas of cooperation between the two nations, in areas ranging from manufacturing to hydrocarbon and technology. 
 <keyword id="3820" type="PERSON" weightage="80" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>, Kumar Managalam Birla, Sunil Bharti Mittal, Gautam Adani, Dilip Shanghvi, <keyword id="6419840" type="PERSON" weightage="80" keywordseo="Azim-Premji">Azim Premji</keyword>, S Ramadorai, Chanda Kochhar and Kiran Mazumdar-Shaw are some of the prominent names on the list. 
 
“This is the most-high-powered delegation that has travelled with any Indian PM in recent years,” said a government official who did not wish to be named. “It will bring new energy in India-Japan ties. The delegation represents all corners of the country and covers almost all aspects of the economy. 
 
These business leaders will help to realise the PM’s dream of taking India-Japan ties to the next level.” 
 According to sources, the Prime Minister’s Office has pruned the list, dropping at least <keyword id="6364063" type="PERSON" weightage="80" keywordseo="Adi-Godrej">Adi Godrej</keyword>, S Gopalakrishnan and <keyword id="33275" type="PERSON" weightage="80" keywordseo="Deepak-Puri">Deepak Puri</keyword> from it. An official downplayed dropping of the names, saying that with any change of guard at the Centre there are changes in the composition of delegations travelling with the PM. The idea is to get additional Japanese business to India and to see who can partner major Indian business firms to make entry here, another official said. 
 The business delegation will attend the the India Japan Business Forum. The PM said he sees the trip as an opportunity to take India’s ties with Japan “to a new level” and increase cooperation in various fields. “I will visit <keyword id="4741" type="COMPANY" weightage="80" keywordseo="Tokyo">Tokyo</keyword> and Kyoto, and will interact with all sections of the Japanese society, from students, political leaders to captains of industry,” he said on Tuesday.

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After bullet train, Japan will also give its Midas touch to Indian roads

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