New Delhi : Indian and Japanese officials will meet in Tokyo next week to finalise the financing of the $9 billion Delhi-Mumbai Industrial Corridor Project (DMIC) to be jointly built by both governments, a senior official said.
"Both the countries would have a joint task force meeting in the coming Monday and Tuesday in Tokyo to finalise the project development fund that would finance the DMIC," Ajay Dua, secretary, Department of Industrial Policy and Promotion (DIPP), told reporters here on the sidelines of an event.
Dua also indicated that the fund would be launched next month during the visit of the Japanese Prime Minister Shinzo Abe.
During the visit to Japan, the Indian officials are also expected to meet representatives from the Tokyo Stock Exchange and other financial institutions to explore various options of funding the project.
The DMIC entails development of infrastructure along the 1,483-km dedicated freight corridor linking India's two metros that includes building of airports, setting up of several agro-processing parks and special economic zones, creating 4,000 MW of power generation facility and constructing two ports in Gujarat and Maharashtra.