INDO-JAPAN TASK FORCE
A Task Force
has been set up in pursuance of the MoU between Ministry of Commerce & Industry,
Govt of India and its Japanese Counterpart to assist in DMIC planning.
Secretary, DIPP and the Vice-Minister of the Ministry of Economy, Trade &
Industry (METI), Government of Japan are the Co-Chairmen.
has held ten meetings – five in India and five in Japan and provided useful
inputs for the project.
meetings, held before July 2007, were helpful in finalizing the Concept Paper.
meeting was held in New Delhi in October 2007 and fifth meeting held in Tokyo in
February 2009, where the investors from India and Japan evinced their interest
regarding investing in the project.
seventh meetings were held in New Delhi on 13th July 2009 and 24th
December 2009, respectively, where the progress of the Project was reviewed and
the future course of action discussed. As decided in the 6th meeting
of the Indo-Japan Task Force held in July 2009, the following action have been
External Trade Organisation (JETRO) Expert has been posted in DMICDC w.e.f 22nd
October 2009 to provide technical assistance. DMICDC has signed an MoU with
Association for Overseas Technical Scholarship (AOTS) under the Ministry of
Economy, Trade and Industry (METI), Government of Japan organized a Training
Programme on Trade and Investment Promotion for India in Tokyo for senior
officials from DMIC and Nodal Agencies of the DMIC States from 30th
November to 4th December 2009.
December 2009, DMICDC signed an MoU with JETRO on “Development of Smart
Communities and Eco-friendly Townships”. Six projects in the following regions
namely, Manesar-Bawal, Shendra, Dahej, Changodar, Neemrana and Jhajjar Regions,
identified for development. Updated progress of the pilot project is given in
the DMU report.
meeting of the Task Force was held on 16th June 2010 in Tokyo. Both
sides agreed to examine the Financing Scheme for DMIC projects and
operationalizing of Project Development Fund at a technical level and report in
the next meeting of Task Force. The Japanese side announced inclusion of
another Early Bird Project. The Government of Japan committed to making an equal
contribution of Rs 17500 crore or about US $ 3.5 billion proposed to be secured
through a commercial loan from Japan Bank for International Cooperation (JBIC),
the international wing of Japan Finance Corporation handling commercial
of the Task Force was held on 21st January, 2011 in New Delhi.
To facilitate mechanisms for
long term lending and investments, both sides agreed to constitute a Financial
Strategy Group (FSG) with Mr. Shinoda, Director for Asia and Pacific Division of
METI as the nodal officer from the Japanese side, Mr. Talleen Kumar, Joint
Secretary, DIPP as the nodal officer from Indian side and Shri Bharat Kaushal as
the convener of the FSG.
side announced inclusion of five Early Bird Projects and delisted two Early Bird
Projects. The Indian side announced inclusion of one Early Bird Project.
meeting was held on 19th October, 2012 in Tokyo, Japan.