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Japanese Prime Minister Fumio Kishida to announce $ 42 billion investment in India: report

New Delhi: Japanese Prime Minister Fumio Kishida is expected to announce an investment of 5 trillion yen or $ 42 billion over five years in India during his first two-day visit to the country today (March 19), ANI quoted Japanese media as saying.

According to the Japanese media, Kishida attending the 14th India-Japan SummitHe will agree to a loan of approximately 300 billion yen during his meeting with Indian Prime Minister Narendra Modi on Saturday.

The Prime Minister of Japan is also expected to sign the Energy Cooperation Document on Carbon Reduction.

During a meeting with Prime Minister Narendra Modi, Prime Minister Fumio Kishida also agreed to a loan of about 300 billion yen. In addition, the Energy Cooperation Document on Carbon Reduction is expected to be signed: Japanese media

– ANI (ANI) March 19, 2022

This is the second meeting between Prime Minister Modi and Japanese Prime Minister Kishida since the two leaders met on the sidelines of the Glasgow Climate Summit last year. This is the first visit of a Japanese Prime Minister to India in the last four and a half years.

Prior to the keynote address, Japanese Prime Minister Hirokasu Matsuno said, “From March 19 to 21, Prime Minister Kishida will be visiting India and Cambodia. Will address a wide range of topics … Through Quad we look forward to striving to achieve a free and open Indo-Pacific “. The situation in Ukraine will also feature in the talks between Modi and Kishida.

The visit comes as India and Japan are celebrating the 70th anniversary of the establishment of formal diplomatic relations. This is an important visit as it comes from Japan as one of India’s closest partners in Asia and the world.

Prime Minister Modi is expected to visit Japan later this year for the second Quad-in-person summit to be held in Japan. Quad, which includes India, the United States, Australia and Japan, is rapidly evolving amid China’s aggression in the Indo – Pacific region.

(With inputs by Siddhant Sibal)

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