JICA may offer consultancy services to Andhra Pradesh’s Greenfield capital city
HYDERABAD: The Japanese government agency Japan International Cooperation Agency (JICA) has evinced interest to offer consultancy services for the Greenfield capital city of Andhra Pradesh.
JICA has also expressed keenness to financing power projects coming up in Chennai-Bangalore industrial corridor and Krishnapatnam Industrial Park on India’s east coast.
Interacting with the visiting AP chief minister N Chandrababu Naidu in Japan on Monday, the JICA senior vice president Domichi Hidaeki said several Japanese firms were interested in AP. He said a good part of $35 billion worth investments that Japan had committed to India during the summit meeting between India’s Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe could go into AP.
“We are also prepared to finance Japanese and Indian companies to invest in India,” said Hidaeki.
Estimating the investment requirements of Andhra’s Greenfield capital city at $50 billion over the next 15 years, Naidu urged JICA to prepare an action plan involving irrigation, infrastructure and capital city.
Yokohama Port has agreed to prepare a master plan for collaboration with AP ports like Kakinada, Krishnapatnam and Visakhapatnam.