In the presence of Prime Minister Narendra Modi and visiting leader Prime Minister Fumio Kishida, six agreements were exchanged, including: Pacts on Cyber, Wastewater Management, JICA Loan Exchanges and a Joint Statement.

Leaders of India and Japan decided at the close of the 14th annual summit at the end of the day to further promote the special strategic and global partnership between India and Japan. At the end of bilateral talks, visiting Prime Minister Fumio Kishida announced that his country will raise its investment target in India to 5 million yen, which amounts to about $42 billion over the next five years.

Today’s meeting comes at a time when the Russo-Ukrainian crisis deepens and international efforts are underway to ensure that the warring countries resolve the issues as quickly as possible.

In the presence of Prime Minister Narendra Modi and visiting leader Prime Minister Fumio Kishida, six agreements were exchanged, including: Pacts on Cyber, Wastewater Management, JICA Loan Exchanges and a Joint Statement.

The two leaders met at the Hyderabad House in the national capital and discussed ways to strengthen economic and cultural ties between the two countries.

What did Prime Minister Modi say?

Noting Japan’s investment in India, Prime Minister Modi told his counterpart that New Delhi is determined to support all companies from Japan.

And said that the foundation of India-Japan in the Indo-Pacific region and at the global level is prosperity, progress and partnership.

Both countries are determined to expand overall cooperation and India and Japan understand the importance of a reliable, predictable and secure and stable energy supply, Prime Minister Modi said in his statement.

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

Adding that the two countries are working as ‘One team-One project’ on the Mumbai-Ahmedabad high-speed rail corridor.

Japanese Prime Minister in India

This is Prime Minister Fumio Kishida’s first visit to India, as the country’s supreme leader, having previously visited in his capacity as foreign minister. He will meet Prime Minister Narendra Modi for the second time, both of whom had previously met on the sidelines of the Glasgow Climate Change Summit in 2021. After a three-and-a-half-year hiatus, this is the first visit by a Japanese Prime Minister, accompanied by a high-level delegation. Today’s visit comes as the two countries celebrate 70 years of diplomatic relations.

In his statement, Japanese Prime Minister Kishida said the two countries share common values ​​and that both countries should work for peace and stability in the Indo-Pacific. And at the joint media conference said: “The situation in Ukraine was discussed. “The Russian attack on Ukraine is a serious development that has shaken the roots of the international order.”

Unilateral attempts to change the status quo by force cannot be tolerated in any area, he told Prime Minister Modi. Adding that both sides have agreed on the need to find a peaceful solution to all conflicts based on international law.

Conversation Focus

The focus of talks between the two leaders has been on how to achieve free and open and stable Indo-Pacific through the mechanism of QUAD, international and regional issues, especially the situation in Ukraine, identifying areas for deeper cooperation.

Prime Minister Fumio became Japan’s prime minister in October last year and had previously visited India in his capacity as foreign minister.

As previously reported, Japan is among the countries that have announced sanctions against Russia and also plans to impose sanctions on Russian state arms exporter Rosoboronexport. Japan is also a member of QUAD and hopes, together with Australia and the US, that India will also take a stand against Russia.

India has already abstained from the United Nations because of the crisis in Ukraine and for its own energy security it recently imported Russian oil at a discounted price.

At the close, the Japanese leader also announced an investment of 5 trillion yen (USD 42 billion) in India over the next five years.

Financial Express Online previously reported that Japan is hosting the second QUAD in-person meeting later this summer and Prime Minister Modi is expected to be there. Neither side has announced official dates and schedules.

The QUAD countries (India, Japan, USA and Australia) have teamed up to act against the emerging threats of Chinese aggression in the Indo-Pacific, the members have also focused on fighting the COVID-19 pandemic .

Foreign Minister Harsh Shringla addresses media

Responding to questions from the media, he said that “at the end of the talks, India and Japan signed seven loan agreements – these are in the areas of connectivity, water supply, sanitation and official development assistance. The two countries also agreed that plans will be drawn up for the export of Indian mangoes to Japan and that the apples from that country will come to India.”

About China: He said the visiting leader had been briefed on the situation in Ladakh and on multiple violations. It cannot be business as usual until we have resolutions. “We should not consider business as usual.”

India and Japan

This is the first major incoming head of government/head of state visit to India in 2022. Japan, which has been India’s closest partner in Asia and the world, has been involved in some major infrastructure projects, especially in the northeast, including a 20 km bridge over the Brahmaputra River between Assam and Meghalaya; Varanasi Convention Center (Rudraksha) ao.

It has also played an important role in India’s first bullet train or Mumbai-Ahmedabad High-Speed ​​Rail.

In the defense field, both countries have signed a Reciprocal Provision of Supplies and Services Agreement (RPSS).

The two countries have a Specific Skilled Workers Agreement and about 220 Indian youth have been sent to work in that country under the Technical Intern Training Program (TITP). In 2022, Japan started a nursing care exam under this program.


This post Japan plans to invest $42 billion in India over the next 5 years; Ukraine, China, Indo-Pacific in talks was original published at “https://www.financialexpress.com/defence/japan-plans-to-invest-42-billion-over-next-5-years-in-india-ukraine-china-indo-pacific-feature-in-talks/2465592/”

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