Proposal to conduct “Information gathering and verification research for projects relating to the Delhi-Mumbai Industrial Corridor” accepted
June 26, 2012
The Japan Research Institute, Limited (President and CEO: Junsuke Fujii; JRI), Nihon Sekkei, Inc. (President and CEO: Masaharu Rokushika) Nihon Sekkei International, Inc. (President: Yutaka Saito) and Tonichi Engineering Consultants, Inc. (President: Kouzo Kawato) submitted a joint proposal to conduct “Information gathering and verification research for projects relating to the Delhi-Mumbai Industrial Corridor [DMIC]” (“the research”) announced by Japan International Cooperation Agency (President: Akihiko Tanaka; JICA) on April 11. The partners were designated as contractors and concluded an agreement on June 15.
On the basis of the DMIC concept agreed at the 2006 Japan-India summit, the research will involve collecting and compiling information on projects being planned by Japanese companies, projects in which Japanese companies are highly likely to participate and projects that will provide indirect support for such projects, in the DMIC area, and drawing up a list of candidate projects and conduct pre-feasibility studies (pre-FS) with a view to determining their suitability to receive financial assistance and technical cooperation from JICA in the future. A joint communiqué on the DMIC area, issued at the time of then Prime Minister Noda’s visit to India at the end of December 2011, included a statement regarding the intention of the Japanese and Indian governments to establish a joint DMIC Facility (fund) worth US $90 billion a statement of Japan’s intention to make financial contributions worth a total of $4.5 billion over the next five years. The list of candidate projects to be drawn up and pre-FS to be carried out as part of the research are intended to help the efforts of the governments of Japan and India and Japanese and Indian companies to realize more specific projects, in line with this communiqué. The four companies will carry out the research in collaboration with the governments of Japan and India and with Japanese and Indian companies, and with the support of India’s Delhi-Mumbai Industrial Corridor Development Corporation, between June and late December 2012.
As part of the India business creation project started up in 2010, JRI continues to support Japanese companies moving into the Indian market, especially in the infrastructure sector. As lead contractor, JRI will use the experience and networks it has built up in the course of these activities, to design and manage the research. JRI, Nihon Sekkei International and Tonichi Engineering Consultants will harness their wealth of experience in providing engineering services to urban planning, architectural design and infrastructure projects, both in Japan and overseas, in drawing up the list of candidate projects and carrying out the pre-FS for the research.
This year, 2012, marks the 60th anniversary of the establishment of diplomatic relations between Japan and India, and the expected relaxation of financial regulations by the Japanese and Indian governments and collaboration on funding and human resources in the DMIC area is likely to lead to further expansion of business between Japan and India to encourage and Japanese companies to move into the Indian market. The four companies will use the knowledge gained through the research to pursue further smart city and industrial estate developments in India and provide active support to infrastructure creation projects conducted by Japanese companies.