Japan to support green city projects abroad

Japan is financially backing its companies that are seeking to build "green cities" — communities with low pollution and renewable energies — in India and elsewhere, a report said Thursday.

The public-private Innovation Network Corp. of Japan plans to invest up to 130 billion yen ($1.5 billion) in such eco-community projects, more of which are planned for China and Southeast Asia, the Nikkei daily said.

The Ministry of Economy, Trade and Industry has set aside 40 billion yen in funds within its investment and loan programme for fiscal 2011 to cover the fund supply for smart-community development abroad, the daily said.

Read the rest of the story: Japan backs ‘firms’ green city projects abroad.

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