Japan to give fresh infra loan of $2.26 billion to India

Discussion in 'Economy & Infrastructure' started by Apollyon, Nov 20, 2012.

  1. Apollyon

    Apollyon Führer Senior Member

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    Japan to give fresh infra loan of $22.6 billion to India


    why not invest, why give a loan :confused: :hitwall:
     
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  3. pankaj nema

    pankaj nema Senior Member Senior Member

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    Whenever Japan gives loans there is a built in clause about the percentage of the project contract
    that will be GIVEN TO JAPANESE Companies

    Maybe other countries also follow such a practice

    More than FIFTY percent of the work will be done by a Japanese LED CONSORTIUM

    Indian companies will be the sub contractors
     
  4. lcatejas

    lcatejas Regular Member

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    Its good in other manner other wise our idiot ministers will give it to RIL who will mess the project and bring third class Chinese kachra to india ...sab ko maloom hai what happen to delhi metro built by RIM
     
  5. cloud_9

    cloud_9 Regular Member

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    Bhai is $2.2 Billion not $22.6 billion.

    What about this ~ $4 Billion dollar loan :confused:
    Rly to get about Rs 20,000 cr Japanese loan for western freight corridor
    Looks like Lakshmi mata visited Manmohan Singh this Diwali.....mauja hi mauja :crusin4:
     
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  6. Bangalorean

    Bangalorean Stars and Ambassadors Stars and Ambassadors

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    Exactly. Never ever take any Reliance stuff. They have typical bania mentality. They will never take the hard way out - they will take the easy way out and do the least possible effort to earn maximum profits.

    Now these fellows have started marketing "Reliance Air Conditioners" in their Reliance Digital stores. Now, what they actually do is, they have a contract with some Chinese company which makes ACs in China - they just import thousands of ACs in bulk and stamp it with "Reliance" brand here in India.

    On the other hand, Voltas (good old Tatas) manufacture their air conditioners in India. So do Videocon, Onida, and some foreign companies too. I had to buy three Air conditioners last month - no prizes for guessing which company I went for. :yey:

    And in general, these companies managed by Bombay Parsees, Tata group companies are more ethical. Just look at the difference between Shapoorji-Pallonji and Reliance Infra.

    Reliance simply cannot be trusted to do quality work without cutting corners. Reliance needs to be made to understand by us, the consumers, that they need to improve their quality and not take the easy way out everytime, for everything.
     
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  7. cloud_9

    cloud_9 Regular Member

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    ^ Reliance guys are really shrewd they were sitting on cash pile last year but they were taking loans from China to start some project.The Chinese loans always comes with a clause to use Chinese stuff.So the Chinese goverment sold there stuff and Reliance got easy credit :p


    PS - I think most Japanese and Korean Ac's are Made in India.
     
  8. roma

    roma NRI in Europe Senior Member

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    they way i see it - it's just a start - practices can be discussed and improved as we go along - but to make a start was the important thing
    secondly we are not FORCED to take the loans
    we can talk terms and see IF - IF it is worth the while - as long as our people get subcontracting jobs and overall india benefits - then what's the harm ?
    better than getting chicom companies in and they build low -quality , the tower collapses our folks get hurt and they run back to china and are nowhere to be seen , no accountability and impossible to get the money back .....if we dont get japanese , the alternative might be chicom

    giving one million dollars to any chicom company is giving one million dollars to their military to kill our jawans - id anyday prefer to give twenty, even thirty percent more to the japanese or even south koreans - we know for sure it wont be used to kill our people
     
    Last edited: Nov 21, 2012
  9. thakur_ritesh

    thakur_ritesh Administrator Administrator

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    Pankaj,

    These things happen all the time.

    Possibly in this loan programme the terms on the duration of repayments and the interest rate would be extremely liberal, and so the Japanese would want to make the most kill.

    I guess when an AID programme is run, the contracts handed out get given 100% to the donor country's companies.
     
  10. cir

    cir Senior Member Senior Member

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    Come on。After 20 years of no growth or relative decline, Japan is still considered a rich country。2.26 billion is pocket change for a country the size of India,especially when the money used is for infrastructure projects such as motorways and high-speed railways。

    Laos is a tiny country compared with India,yet it has received a 7 billion dollar loan from China for the construction of a rail link that will run from the Chinese border to the capital Vientiane。The work will start early in 2013.

    India should definitely ask for more, considering the fact that it is now a supplier of rare earth to Japan。
     
  11. cloud_9

    cloud_9 Regular Member

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    2.2 billion is part of the 3.6 billion that JICA will lend us for Phase 2.

    For more Click on this Jica Indial > "ODA Loan Project DATA"

    Japan has helped India in a big way. :japan::india: Banzai!
     

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