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India, Japan team up for new mega project

Published by Steve Coleman on October 31, 2011

India and Japan are teaming up to turn India into a global manufacturing powerhouse.

Plans to invest US $100-billion in a new Delhi-Mumbai Industrial Corridor are expected to double employment, triple manufacturing output and quadruple exports from the area by 2018.

Estimates say the project will create 3 million jobs in six neighbouring Indian states. Most will be in the manufacturing and processing sectors.

It's expected the project will be finished by 2018. As a part of the work, the government plans to build a 4,000-megawatt power plant, three seaports and six airports. The new network will also tie in with existing ports. The new metropolis is also expected to house 1.5 million people.

India is banking on keeping annual economic growth higher than nine per cent, says a Bangkok Post story.

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