IndiaJapan PM announces $ 42 billion investment in India over next 5...

Japan PM announces $ 42 billion investment in India over next 5 years

Prime Minister Narendra Modi has said that Japan has set a target of investing $ 42 billion (5 trillion yen) in India over the next five years.

Japanese Prime Minister Fumio Kishida, who is on a two-day visit to Delhi, met Prime Minister Narendra Modi. Japanese Prime Minister Fumio Kishida has arrived in Delhi on a two-day visit. At the airport, he was welcomed by Union Minister Ashwini Vaishnav and officials.

70th Anniversary of the Establishment of Diplomatic Relations between India and Japan The 14th India-Japan Annual Summit was held today.

Fumio Kishida is attending the conference for the first time. Earlier this conference was held in the year 2018. In this context, Prime Minister Narendra Modi and Fumio Kishida met at the Hyderabad House in New Delhi before holding talks on bilateral relations between the two countries. Bilateral relations and the economy were discussed.

The two leaders discussed ways to enhance economic and cultural ties between the two countries. Foreign Ministry spokesman Arindam Bakshi said the summit between Prime Minister Modi and Prime Minister Fumio Kishida discussed bilateral relations and issues of mutual interest and regional and global.

Meanwhile, Prime Minister Narendra Modi said after a bilateral meeting with Japanese Prime Minister Fumio Kishida that Japan has set a target of investing $ 42 billion in India over the next five years. Over the next five years, Japan will raise its investment target for India to 5 trillion yen, or ₹ 3.2 trillion ($ 42 billion), ”Prime Minister Modi announced. The two countries announced a 300 billion yen (Japan monetary value) loan plan and signed an energy agreement to reduce carbon emissions.

When former Japanese Prime Minister Shinzo Abe visited India in 2014, he announced an investment and financial assistance of 3.5 trillion yen over five years.

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