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Japanese PM To Offer $ 42 Billion Investment In India During His Visit: Report


Japan will offer India $ 42bn in investment during Kishida visit: Report

Tokyo:

Japanese Prime Minister Fumio Kishida is expected to announce plans to invest 5 trillion yen ($ 42 billion) in India over the next five years during his visit to the country on Saturday, according to media reports.

The 5 trillion yen target exceeds the 3.5 trillion yen in five -year investment and financing announced by then -Japanese Prime Minister Shinzo Abe during his visit to India in 2014, Japan’s Nikkei newspaper reported.

Japan now supports the development of India’s urban infrastructure and high -speed rail based on Japanese shinkansen bullet train technology.

Prime Minister Mr Kishida will unveil public-private funding during the economic forum. The leading business newspaper said that he is expected to promise investment growth in value and an increase in Japanese companies expanding into India.

Mr Kishida was also prepared to agree a loan of about 300 billion yen during his meeting with Prime Minister Narendra Modi. An energy cooperation document on carbon reduction is expected to be signed between the two parties.

During a public-private forum on Saturday, Mr Kishida is also expected to express his support for further infrastructure development in India to attract Japanese companies to build factories, the newspaper said.

India represents the first round of the Japanese PM’s three -day visit. He is scheduled to visit Cambodia on Sunday to meet with Prime Minister Hun Sen.

Japan and India are parties to the Security Dialogue Square, a security framework known as the Quad that encompasses the US and Australia. Cambodia served as chairman of the Association of Southeast Asian Nations this year.

Mr. Kishida plans to confirm the strengthening of security arrangements taking into account the Russian aggression on Ukraine.

In 2020, Japan and India signed a procurement and cross -service agreement, which allows for the reciprocal provision of food, fuel and other supplies between the Indian Army and the Japanese Self -Defense Force. The newspaper said Mr Kishida and Mr Modi would reaffirm that they would proceed with the deal.

Mr Kishida and Mr Modi are expected to agree to hold a two-plus-two meeting between the diplomatic and defense chiefs of the two countries at an earlier date.

This will be the Japanese PM’s first overseas visit as prime minister since he went to Great Britain in November.

Mr Kishida, 64, has been president of the Liberal Democratic Party since 2021.

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