The Odisha Government has shown interest in taking Japanese loans for its developmental projects as Japan is showing its inclination for development of the State. The Government of India is also eager to participate in the proposals for Japanese assistance.
Accordingly, the has asked all the departments to submit project proposals for Japan International Cooperation Agency (JICA) Official Development Assistance (ODA) loan from the Government of Japan.
At least 50 per cent of this target i.e. JPY 2.5 trillion is expected to come as ODA in the next five years. Therefore, the role of JICA would be crucial with regard to public Investment and financing from Japan.