Delhi-Mumbai Industrial Corridor to be model of bilateral ties: ex Japan PM

Posted By: Ani
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New Delhi, Jan 17 (ANI): Former Japanese Prime Minister Yokio Hatoyama, who is on a two-day visit to India, has said the industrial corridor being executed between New Delhi and Mumbai would be a model of cooperation between both countries.

Delhi-Mumbai Industrial Corridor (DMIC) project covers an overall freight corridor length of 1483 kms. Japan will provide technical knowhow and extend 73 percent funding to the 90 billion dollar project being executed by the DMIC Development Corporation Limited (DMICDC), set up in January, 2008.

"Last year in December when I came as the Prime Minister of Japan, that was the time along with my counter for formal execution of DMIC and this is something which can bring lot of cooperation between two countries. It can be a win-win situation and a symbol of win-win partnership between India and Japan and this can benefit Japan and can benefit India in a longer term," said Hatoyama.

"I not only think there is a mutual trust between India and Japan but also we see a huge potential and this is going to bring lot of new opportunities and lot of new avenues between two countries," he added.

Hatoyama is in India in connection with the three-day 2011 India-Japan Global Partnership Summit 2011, which will be held in September 5.

The India-Japan Global Partnership Summit 2011 is aimed at enhancing socio-economic, cultural and spiritual bonding between the two nations.

It is also aimed at strengthening economic ties, greater regional integration and multilateral trade between the two countries. (ANI)

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