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 two-day visit to the country starting today (March 19), ANI reported. Quoting the media, he said.
According to Japanese media, Kishida to attend 14th annual India-Japan summit Will also agree to a loan of around 300 billion yen during a meeting with his Indian counterpart Narendra Modi on Saturday.
The Japanese prime minister is also expected to sign an energy cooperation document on carbon reduction.
This is the second in-person meeting between PM Modi and Japan’s PM Kishida after the two leaders met on the sidelines of the Glasgow Climate Summit last year. This is the first visit by a Japanese Prime Minister to India in the last four and a half years.
Ahead of the important visit, Japan’s Chief Cabinet Secretary Hirokazu Matsuno said, “From March 19 to 21, PM Kishida will visit India and Cambodia. During his visit, PM Kishida will meet PM Modi of India … International and International Issues to be discussed. Regional matters as well as bilateral relations. They will address a wide range of topics… Through the Quad we would like to further our efforts to achieve a free and open Indo Pacific.” The situation in Ukraine will also be discussed in the talks between Modi and Kishida.
The visit comes in the wake of India and Japan celebrating the 70th anniversary of the establishment of formal diplomatic relations. This is an important visit as Japan has been one of India’s closest partners in Asia and the world.
Later this year, PM Modi is expected to visit Japan for the second quad in-person summit in Japan. The Quad, which includes India, the US, Australia and Japan, is developing rapidly amid China’s aggressive actions in the Indo-Pacific.
(With inputs from Siddhant Sibal)
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