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 | Modi-Abe Talks Conclude; Japan to Invest ¥3.5 trillion in India, But No Affirmation on Civil Nuclear Deal | | published on : 09-01-2014 | | Category : Other | | Bilateral talks between Prime Minister Narendra Modi and his Japanense counterpart Shinzo Abe took off on a grand note on Monday as the Indian Prime Minister received a ceremonial guard of honour at the Akasaka Palace in Tokyo, on his third day in Japan.Modi is in Japan on a five-day trip to sign important deals in infrastructure, civil nuclear agreements and defence cooperation.$33 billion Investment: Ministry of External Affairs spokesperson Syed Akbaruddin announced through Twitter that that the two leaders have agreed to 'elevate the relations to the next level' and that Japan has announced a major investment of ¥3.5 trillion in India in the next five years.
"¥3.5 trillion of public & private investment from Japan to India in 5 year period under India–Japan Investment Promotion Partnership," Akbaruddin tweeted.
The investment, that amounts to more than $33 billion, will be directed primarily at finance, infrastructure projects and building of smart cities.
Tokyo Declaration: India and Japan also signed the Tokyo Declaration for a global partnership. The two sides also discussed reforms in the United Nations Security Council.
Support for Bullet Trains: Japan has offered financial and technical support to India to develop bullet trains in the country on the lines of the Japanese network of high-speed railway lines known as 'Shinkansen'.
"Japan offers to provide India financial, technical and operational support to introduce Shinkansen system," Akbaruddin tweeted. | | Related Keywords : | | Shinkansen Affirmation spokesperson |
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