The Japanese prime minister arrived in the national capital at around 3:40 pm and is scheduled to depart at 8 am on Sunday. Kishida, 64, has been the chair of the Liberal Democratic Party since 2021.
Where was the last India-Japan annual summit held? Tokyo in October 2018.
The 14th Annual Summit is starting with the meeting between PM @narendramodi and Japanese PM @kishida230. Another… https://t.co/tobcFsqcbY
— Arindam Bagchi (@MEAIndia) 1647691663000
Apart from major bilateral issues, the situation in Ukraine He is also likely to participate in the Modi-Kishida talks.
“The summit will provide an opportunity for the two sides to review and strengthen bilateral cooperation in diverse fields as well as exchange views on regional and global issues of mutual interest so as to promote peace, stability and prosperity in the Indo-Pacific. to take their partnership forward in the region and beyond.” foreign Ministry said on Thursday.
Japan to offer $42 billion investment to India
According to a media report, Kishida may announce plans to invest 5 trillion yen (42 billion USD) in India over the next five years.
Japan is currently supporting the development of India’s urban infrastructure as well as a high-speed railway based on Japan’s Shinkansen bullet train technology.
Prime Minister Kishida is about to reveal public-private funding during an economic forum. The leading business newspaper said they expect an increase in direct investment in value terms as well as an increase in Japanese companies expanding into India.
Kishida is also set to agree to a loan of around 300 billion yen during his meeting with Prime Minister Narendra Modi. It said that the two sides are expected to sign an energy cooperation document related to carbon reduction.
During Saturday’s public-private forum, Kishida is also expected to express his support for infrastructure development in India with the goal of attracting Japanese companies to build factories, the newspaper said.
Japan and India are parties to the Quadrilateral Security Dialogue, a security framework known as the Quad that includes the US and Australia. Cambodia serves as the president of the Association of Southeast Asian Nations this year.
Kishida plans to confirm the strengthening of security arrangements in view of Russia’s invasion of Ukraine.
annual summit between prime ministers Modi and their then Japanese counterparts Shinzo Abe The Citizenship Amendment Act was canceled in Guwahati in December 2019 in the wake of massive protests in the capital of Assam.
The summit could not be held in 2020 as well as in 2021 mainly due to the COVID-19 pandemic.
(with inputs from agencies)