Japan Buys Into Delhi-Mumbai Corridor Development Co.

Law360, New York (August 28, 2012, 5:39 PM EDT) -- Japan's development bank will invest directly in the Indian corporation tasked with building up manufacturing and commercial activity between New Delhi and Mumbai, an effort for which Japan has already pledged $4.5 billion, the country's trade minister announced Tuesday.

The investment will earn Japan Bank for International Cooperation a 26 percent stake in Delhi Mumbai Industrial Corridor Development Corp. Ltd. and advance Japan's agenda to boost exports and investments to emerging markets, according to a videotaped statement Yukio Edano, the Japanese Minister of Economy, Trade and...
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