GMR Infrastructure has signed a memorandum of understanding (MoU) with the Japan Bank for International Cooperation (JBIC) to provide financial assistance to Japanese companies investing in infrastructure projects of the GMR Group. The objective of this MoU is to provide low-cost, long-term financing for infrastructure projects that involve Japanese companies. These could be for the development of industrial parks, power, energy, ports, airports, highways and railway projects.
JBIC, through this association, intends to promote opportunities for Japanese companies to participate in infrastructure projects and also support them to lay a foundation in India.
Over the next 12 months, GMR and JBIC are expected to work on identifying projects to attract Japanese investments.
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