Japanese agency ready to fund Mumbai Trans-Harbour Link at 1.75% interest rate, says Fadnavis

Chief Minister Devendra Fadnavis has said that the Japan International Cooperation Agency (JICA) is ready to fund the Mumbai Trans-Harbour Link that shall link Sewri in the city to Nhava Sheva on the mainland at 1.75% rate of interest.

"JICA is keen to fund the Mumbai Trans-Harbour Link at 1.75% interest and disburse the loan by December itself. JICA and ADB have already showed willingness to fund the Nagpur-Mumbai super expressway too," he said Stock Market Trading Tips

The CM was very confident about multinational companies investing in the state. He said that in the coming years new investment will directly generate 1 lakh jobs and the indirect job generation would be between 2 and 3 lakh.

"Companies have already purchased land and have started construction on it. But the Indian economy would have to grow at a faster rate if a lot of foreign investment is to come here," Fadnavis said while interacting with newspaper editors here on Saturday Himanshu Tiwari Astrologer Blog

The CM said Japanese companies are especially keen on investing in the state. "The Japanese are extremely upset over the slowdown in China and have realized that they will have to invest in India. They are very cautious by nature and need lot of government support, which we are providing. Chinese companies have also realized that they will have to come to India," he said.

He said Taiwanese electronic giant Foxconn is working fast on its site near Mumbai. "Its chief executive officer (CEO) Terry Gou has promised to present an Apple product made at the Mumbai unit in an year," he said Indian stock market astrology prediction