INDIA-JAPAN 2 LST

Originally estimated at Rs 28,000 crore, the project
costs have been revised to more than double the figure. The
project has also been facing problems such as land
acquisition.

Besides the rail project, the Japanese are also
partnering with India on an even bigger project involving
investment of over Rs 100,000 crore. The Delhi-Mumbai
Industrial Corridor project involves building industrial and
commercial hubs along the rail corridor.
The two prime ministers also discussed the importance of
evolving an open regional economic arrangement. They agreed
that the regional architecture needs to be based on the
opportunities that India and Japan, as important economies,
present to the region.
The ASEAN countries, India, China, Japan, Australia and
New Zealand have been conceptualising free flow of trade in
the region. PTI PC
ANU


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