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Japan India News: ‘Friend’ Japan opens treasury for India, PM Fumio Kishida to give 42 billion gift

Tokyo / New Delhi
Amid the ongoing war in Ukraine and tensions with China, Japanese Prime Minister Fumio Kishida has arrived in India on a landmark visit. During the visit, the Japanese Prime Minister will announce an investment of 42 42 billion over the next five years in India. It is believed that PM Kishida could hold important talks with Indian Prime Minister Narendra Modi on Kwad and Ukraine. In 2022, the Japanese Prime Minister becomes the first foreign head of state to visit India.

According to the Japanese news agency Nikkei, Kishida may also agree to lend India 2.5 2.5 billion. During his visit, the Japanese Prime Minister will make public disclosures. He may announce expansion of Japanese companies in India. In 2014, when Shinzo Abe was prime minister, a major goal was set for Japanese investment. With the announcement of the latest investment, Kishida will now overtake Shinzo Abe. Where Shinzo Abe announced an investment of 3.5 trillion yen, there will now be an investment of 5 trillion.

PM Modi to visit Japan for quad meeting
Japan is currently assisting in the development of India’s urban infrastructure. In addition, a bullet train is being run in India with the help of Japan. The Prime Minister of Japan will be in India for two days. This is the 14th summit between India and Japan to be held after a gap of three and a half years. Kishida was sworn in as Prime Minister of Japan on October 4, 2021. During the visit, Kishida and PM Modi will discuss diplomatic relations and bilateral cooperation between the two countries.

This year’s Quad Leaders Summit is going to be held in Japan. It is believed that PM Modi will travel to Japan to attend the summit. Amid rising tensions with China, the Indian PM’s visit to Japan could be significant. Amid China’s growing influence in the South China Sea, both Japan and India are in favor of free and open shipping in the Indo-Pacific region. Japan and India are now preparing for large-scale defense cooperation.

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