|Project Detail :||Devdis Course reported that India and Japan signed a INR 1,817 crore loan agreement for the construction of the Turga pumped storage hydel power project at Purulia in West Bengal. The project will contribute to the industrial development and living standards in the state. Ministry of Finance said in the statement that "The objective of the project is to strengthen the capability to respond to a fluctuation in supply and demand of power and to improve the stability of the power supply by constructing the pumped storage facilities.
The Japanese Official Development Assistance loan agreement was signed here between Ministry of Finance Additional Secretary C.S. Mohapatra and Japan International Cooperation Agency (JICA) New Delhi Chief Representative Katsuo Matsumoto.
The statement said that "This further consolidates and strengthens the strategic and global partnership between India and Japan.
It added that India and Japan have had a long history of bilateral development cooperation since 1958 and the economic cooperation between India and Japan has steadily progressed in the last few years.|