India, Japan to build eco friendly cities in Delhi-Mumbai industrial corridor

New Delhi, Apr 30 (ANI): India and Japan have agreed to build eco friendly cities in the Delhi-Mumbai industrial corridor at a cost 90 billion dollars

Four memorandum of understanding was signed between the two countries to building future cities of India.

Japanese consultants will launch fesibility studies to set up the first set of Smart Communities in Manesar Bawal region in Haryana, Dahej and Changodar in Gujarat and Shendra industrial region in Maharashtra.

Union Commerce and Industry minister Anand Sharma said that the largest ever project in the world will be completed within nine years.

He said that the initial face would comprise eleven-investment zones and 13 industrial parks.

India's exports will increase by four times due to this development cum investment project, Sharma said.

Japanese Minister of Economy, Trade and Industry, Naoshima, said that the Smart Community Initiative has the potential to revolutionize infrastructure development and emerge as a role odel that can be taken to other parts of the world. (ANI)