Japan to invest Rs 3.2 lakh crores in India over next 5 years: PM Modi after annual India-Japan Summit
India Today
Japan is set to invest invest 5 trillion yen or Rs 3.2 lakh crores in India over the next five years.
Japan will invest 5 trillion yen or Rs 3.2 lakh crores in India over the next five years, PM Narendra Modi said on Saturday. The Prime Minister made the statement while addressing a joint press conference with his Japanese counterpart Fumio Kishida in New Delhi.
The two leaders also held bilateral talks at Hyderabad House in New Delhi during the India-Japan Annual Summit earlier in the day.
Japan’s investment target in India follows investment promotion partnership of 2014.
“The world is still grappling with Covid-19 and its side effects. There are still obstacles in the process of global economic recovery. Geo-political events are also presenting new challenges,” PM Modi said at the press conference.
The prime minister emphasised that deepening the India-Japan partnership will encourage peace, prosperity and stability in the Indo-Pacific region and also at global level.
India and Japan inked six agreements following talks between PM Modi and PM Fumio Kishida. The two countries also announced clean energy partnership following talks between PM Modi and PM Kishida.
PM Modi said, “India and Japan understand importance of a secure, trusted, predictable and stable energy supply.”
