Speaking at a joint media briefing, Modi said deepening ties between India and Japan will not only benefit the two countries but also help foster peace, prosperity and stability in the Indo-Pacific region.

Japan announced on Saturday an investment target of five trillion yen (Rs 3.20,000 crore) in India over the next five years after talks between Prime Minister Narendra Modi and his Japanese counterpart Fumio Kishida.

The two sides signed six agreements that provide for the expansion of bilateral cooperation in a number of areas, in addition to strengthening a separate clean energy partnership.
Speaking at a joint media briefing, Modi said deepening ties between India and Japan will not only benefit the two countries but also help foster peace, prosperity and stability in the Indo-Pacific region.

Kishida said the situation in Ukraine after the Russian invasion played a role in the talks and described Moscow’s actions against the Eastern European country as a serious matter that has shaken the foundation of international standards.

Unilateral attempts to change the status quo by force should not be allowed, he said.

Modi said India and Japan understand the importance of a secure, trusted, predictable and stable energy supply and that both sides are committed to expanding overall cooperation.


This post Japan announces investment target of Rs 3.2 lakh crore in India over the next five years was original published at “https://www.financialexpress.com/economy/japan-announces-investment-target-of-rs-3-2-lakh-crore-in-india-in-next-five-years/2465501/”

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