The Dedicated Freight Corridor (DFC) is the corridor dedicated to carry rail freights at a speed of 100 km/hour through two corridors, the western one in between Haryana and Maharashtra and eastern corridor. The Western Corridor is financed by JICA while the Eastern Corridor is financed by the World Bank and Public Private Partnership (PPP) and the Dedicated Freight Corridor Corporation of India Limited (DFCCIL) oversees the construction of this project.
Published in Chapter:
Japan-India Trade Relations: History, Catalysts, and Challenges
S. Jobayear Ahmed (Bangladesh Rural Advancement Committee (BRAC), Bangladesh)
Copyright: © 2022
|Pages: 33
DOI: 10.4018/978-1-7998-5774-7.ch013
Abstract
Japanese-Indian relations is supported by historic, political, and cultural affiliation, which usually led towards positive economic relations. Although the Japanese-Indian relationship is a few centuries old, surprisingly, the statistics of trade hardly exhibit any mentionable growth, except the recent upward trend in exports to Japan. In fact, India almost failed to capture the near home market even with the growth (1% market share). Therefore, the chapter is developed based on a qualitative study with the objectives of exploring the history, catalysts, and impediments of Japanese-Indian trade relations and recommends the future course of action. The study recommends completion of India's megaprojects, Japan's policy reform, taxation and supportive reform, arrangement of social life of the foreigners, zero corruption, forgery, and harassment, efficiency, effectiveness, linguistic skill and cultural understanding of human resources, and creating opportunities and building organizational capacities between the two.