Eximbank India, JBIC to promote infrastructure development

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The Chairman & Managing Director of Export-Import Bank of India (Exim Bank) Mr. Yaduvendra Mathur and the Governor & CEO of Japan Bank for International Cooperation (JBIC) Mr. Hiroshi Watanabe, signed a Memorandum of Understanding (MoU) in Tokyo on September 1, 2014 to jointly explore the possibility of infrastructure development collaboration to enhance connectivity and regional integration between India and its neighbouring countries. Under the MoU, both institutions will also explore the possibility of financing business opportunities in other countries, such as in Africa, here Indian and Japanese companies have a presence and to promote economic cooperation and industrial development. In January this year, the Government of India and the Government of Japan have announced their intention to further cooperate in building infrastructure that will improve connectivity and regional integration between India and its neighbouring countries to support cross border business activities, thereby contributing to economic growth and development in the region.

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