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  Indo-Japan Task Force  
 

Ø    INDO-JAPAN TASK FORCE

Ø  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.

 

Ø  Task Force has held eleven meetings – six in India and five in Japan and provided useful inputs for the project.

 

Ø  First three meetings, held before July 2007, were helpful in finalizing the Concept Paper.

 

Ø  Fourth 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.

 

Ø  Sixth and 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 taken:

o   A Japan 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 JETRO.

o   The 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.

 

Ø  On 28th 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.

 

Ø  Eighth 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 operations.

 

Ø  Ninth meeting 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. The Japanese side announced inclusion of five Early Bird Projects and delisted two Early Bird Projects.  The Indian side announced inclusion of one Early Bird Project.

 

Ø  10th meeting was held on 19th October, 2012 in Tokyo, Japan.  Both sides agreed on various issues, which inter-alia include, expeditious action for equity participation in DMICDC, enhancement of usage of Project Development Fund for lending impetus to DMIC projects, continue to discuss and cooperate for further promotion and implementation of the Smart Community Projects based on a shared understanding of the challenges of introducing new generation technologies and regulatory mechanisms as brought out in the deliberations of the first meeting of the smart community working group.   Both sides agreed to mutually discuss and resolve issues relating to the institutional challenges on electricity and environmental regulations as early as possible.  Both sides agreed to endeavor to arrive at the agreement on a list of prospective projects for Japan’s USD 4.5 billion facility for DMIC by the time of the Prime Minister Singh’s next visit to Japan, for the list to be presented to the Leaders at the next Summit meeting. 

 

Ø  11th meeting was held on 7th May, 2013 in New Delhi.

 
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