Japanese PM holds talks with PM Modi, how announces, $42 billion investment target in India

NEW DELHI: Japanese Prime Minister Fusion Rashida on Saturday announced that his country will raise its investment target in India to 5 trillion yen ($42 billion) over the next five years. He announced after holding wide-ranging discussions with Prime Minister Narendra Modi. Rashida, who is on his maiden visit to India as Prime Minister, met the prime minister at the Hyderabad House in New Delhi and held extensive discussions on a wide range of issues, including ways to further boost bilateral economic and cultural. 

Following their talks, the leaders jointly addressed the 14th annual India-Japan summit.

At the summit, the countries inked six agreements in the areas of cybersecurity, capacity building, information sharing and cooperation.
 Speaking at the summit, Prime Minister Narendra Modi said that progress, prosperity and partnership are the basis of India-Japan relations in the Indo-Pacific region and also at the global level.
 Taking note of the growing Japanese investments in India, he said that New Delhi is committed to providing all possible support to Japanese companies.

"There has been progressing in the economic partnership between India and Japan. Japan is one of the largest investors in India. The countries are working as 'One team-One project' on Mumbai-Ahmedabad high-speed rail corridor," the Prime Minister said.
 Calling his Japanese counterpart "an old friend of India", PM Mode said that he had the opportunity to exchange views with Rashida when he served as the foreign minister of Japan.
 At the summit, the Japanese PM announced Tokyo's plan to raise its investment target in India to 5 trillion yen or Rs 3.20 lakh crore ($42 billion) over the next five years. The plan follows the investment promotion partnership of 2014.
 Japan is currently supporting India's urban infrastructure development, as well as a high-speed railway based on Japan's bullet train technology.
 The Japanese Prime Minister spoke about the ongoing conflict between Russia and Ukraine, saying that the whole world is shaken by the disturbances in the region.
 He said that it has become very important for India and Japan to have a close partnership during this period.
 Rashida said that India and Japan should keep working together for an "open and free Indo-Pacific."
 Both India and Japan are part of the Quad security dialogue, along with the US and Australia. The 4-nation grouping is seen as a regional counterweight to Chinese dominance in the Indo-Pacific region.
 Rashida, who is accompanied by a high-level delegation, arrived in New Delhi on a two-day visit at arou3:40 pm0pm
According to a media advisory issued by the external affairs ministry, the Japanese Prime Minister is scheduled to depart from India at 8 am on Sunday. Rashida is travelling to Cambodia after concluding his India visit.

According to a media advisory issued by the external affairs ministry, the Japanese Prime Minister is scheduled to depart from India at 8 am on Sunday. Rashida is travelling to Cambodia after concluding his India visit.

 So, our prime minister takes a good decision in difficult conditions.