CCTV.com - CNTV English - CCTV News

Japan offers huge loan for Indian industrial corridor, agrees to resume nuclear talks with India

12-29-2011 09:12 BJT

NEW DELHI, Dec. 28 (Xinhua) -- Japan Wednesday announced 4.5 billion U.S. dollars of loan for the Delhi-Mumbai Industrial Corridor project and agreed to resume talks for a civil nuclear deal during the visit by Japanese Prime Minister Yoshihiko Noda, reported local media.

India and Japan also decided to enhance the quantum of currency swap arrangement to 15 billion U.S. dollars, launch a ministerial business-government policy dialogue and step up collaboration in developing high-speed rail networks in India, said the reports.

The two sides decided to pursue talks on a new industrial corridor between Chennai and Bangalore, and seek collaboration in infrastructure development.

Japan also pledged to finance the Delhi Mass Rapid Transport System Project Phase III and the West Bengal Forest and Biodiversity Conservation Project.

Indian Prime Minister Manmohan Singh and his Japanese counterpart Yoshihiko Noda also held talks on a wide spectrum of regional and global issues, including UN reforms, anti-piracy cooperation, climate change, non-proliferation and the situation in Afghanistan and Korea peninsula.

"The cooperation with India regarding peaceful use of nuclear energy is conducive to our efforts to address climate change and to strengthen the global partnership with India," Noda told a joint press conference with Manmohan Singh after the talks.

Noda, however, did not spell out when the negotiations on nuclear cooperation, suspended since the tsunami in Japan on March 11 crippled the Fukushima nuclear plant, will be resumed and reminded India about its voluntary commitment to a moratorium on nuclear testing.

"We shall proceed with negotiations while giving due consideration to security, non-proliferation and disarmament," Noda said.

In a joint statement, the Japanese prime minister stressed the importance of bringing into force the Comprehensive Test Ban Treaty (CTBT) at an early date, while Singh reiterated India's commitment to a unilateral and voluntary moratorium on nuclear testing.

"As part of our energy cooperation, we reviewed the ongoing discussions on furthering civil nuclear cooperation between our countries. These are moving in the right direction," Singh said.

"The two prime ministers welcomed the progress made to date in negotiations between India and Japan on an agreement for cooperation in the peaceful uses of nuclear energy, and directed their negotiators to exert further efforts towards a conclusion of the agreement, having due regard to each side's relevant interests, including nuclear safety," the joint statement said.

The Japanese leader also promised to share lessons in nuclear safety in the aftermath of the Fukushima disaster.

"We believe it is the duty of Japan to share the experiences and lessons learnt from the nuclear power plant accident and to improve nuclear security around the world," he said.

Editor:Zhang Hao |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program