India Signs Loan Deal with Japan

The Government of India signed a loan deal worth $76 million with Japan International Cooperation Agency (JICA) for a project to upgrade the environment management plan at Alang-Sosiya ship recycling yards. The total cost of the project will be $ 111 million, out of which $76 million will be provided as a soft loan from JICA. The project will be executed by Gujarat Maritime Board (GMB) and is likely to be completed by 2022.