Indo-Japan Annual Summit: Japan Announces Rs 3.2 Lakh Crore Investment In India - Vibes Of India

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Indo-Japan Annual Summit: Japan Announces Rs 3.2 Lakh Crore Investment In India

| Updated: March 20, 2022 10:50

India and Japan held a series of bilateral talks in Delhi on Saturday. Prime Minister Narendra Modi and his Japanese counterpart Fumio Kishida discussed the ways that could help in deepening the economic and cultural linkages between both countries. Later, both the leaders attended the 14th Indo-Japan Annual Summit in Hyderabad.

Followed by the meeting, Japan announced an investment target of five trillion Yen, which amounts to Rs 3.2 lakh crore in India in the coming five years. Along with this, India and Japan signed six agreements in energy cooperation and other bilateral areas.

Heading towards his first visit to India since he became the Prime Minister of Japan, Fumio Kishida had said that “I sincerely hope that my visit to India will open a new chapter in bilateral relations that will deepen the “Japan-India Special Strategic, and Global Partnership” even further.”

Prime Minister Narendra Modi, at a joint media briefing, said that strengthening India-Japan ties will not only benefit the two countries but will boost the stability, peace and prosperity in the Indo-pacific region.

Referring to the Russian invasion of Ukraine, Japanese PM Kishida said that any attempt to unilaterally change the status quo by force cannot be tolerated in any region of the world and we agreed that Japan and India will act in cooperation on this point. We will work closely with each other towards the realization of a Free and Open Indo-Pacific.

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