April 30, 2010 7:36 PM

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India, Japan sign four MOUs

India and Japan today signed four memorandum of understanding for building future cities of India. The eco friendly cities will be built in the Delhi Mumbai industrial corridor , at a cost 90 billion dollars . <br/><br/>Following the signing of agreements, Union Commerce and Industry minister Anand Sharma said that the largest ever project in the world, will be completed within nine years. <br/><br/>The Minister said that the initial face will comprise eleven investment jones and thirteen industrial parks. <br/><br/>Mr. Sharma exuded confidence that this development cum investment Project will boost India's export up to four times. <br/><br/>The visiting Japanese Minister of Economy, Trade and Industry, Mr. Naoshima, said that the Smart Community Initiative, has the potential to revolutionize infrastructure development and emerge as a role model that can be taken to other parts of the world.<br/><br/>AIR correspondent reports, under the agreements Japanese consultants will launch fesibility studies to set up the first set of Smart Communities in Manesar Bawal region in Haryana, Dahej and Changodar in Gujarat and Shendra industrial region in Maharashtra.

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