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Japan to invest 3.2 lakh crore rupees in India says PM Modi

India And Japan

This comes at a time when Fumio Kishida, the Prime Minister of Japan, is in India on a two-day visit.

The Indian Prime Minister after meeting his Japanese counterpart on Saturday said that Japan will invest 5 trillion yen or Rs 3.2 lakh crores in India over the next five years.  Prime Minister Modi made this announcement while addressing a joint press conference with Fumio Kishida, the Prime Minister of Japan who is on a two-day visit to India.

Earlier in the day, both the Prime Ministers also held bilateral talks at the Hyderabad House in the National Capital during the India-Japan Annual Summit. Addressing the press conference, Prime Minister Narendra Modi said “The world is still grappling with Covid-19 pandemic 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 also stressed the fact that the growing ties between both countries will also help in bringing peace, stability, and prosperity to the Indo-Pacific region as well as at the global level. Following the talks, India and Japan signed six agreements and also announced a clean energy partnership.

Apart from discussing ways to bolster economic and cultural ties, both the countries also discussed the ongoing conflict between Russia and Ukraine. Referring to Russian attacks on Ukraine, Japanese PM Kishida said, “Unilateral attempts to change the status quo using force should not be allowed.” “Russia’s invasion of Ukraine is a very serious incident which has shaken the roots of international rules and world order,” the Japanese PM said, adding, “We should be committed to stop any kind of unilateral changes by use of force.”

Continue Reading on The India Saga.

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