Japan extends Rs.
16th March 2001 1. H.E. Mr. Hiroshi Hirabayashi, Ambassador of Japan, and Mr. P.K. Banerji, Special Secretary, Department of Economic Affairs, Ministry of Finance, signed and exchanged Notes at a ceremony held in the Ministry of Finance in New Delhi, today. The Government of Japan has extended a total of approximately 25 billion yen of grant aid for debt relief to India during the last 22 years, including the current year. The grant will be utilized by the Government of India for importing essential commodities such as fertilizers, chemicals, miscellaneous machinery and equipment needed for diverse sectors in India.