Japan on Saturday confirmed an investment target of five trillion yen (Rs 3,20,000 crore) in India in the following five years after the productive talks between Prime Minister Narendra Modi and his Japanese counterpart Fumio Kishida in New Delhi.
The two sides signed six agreements ensuring the development of bilateral cooperation in several areas, other than firming a separate clean energy partnership.
At a joint media briefing, Modi said deepening India-Japan ties will not only benefit the two countries but will also help in encouraging peace, prosperity and stability in the Indo-Pacific region.
PM Modi said that PM Kishida is an “old friend” of India. “I have had the chance to exchange views with him when he was the Foreign Minister of Japan,” he declared. Japanese PM Kishida asserted that the entire world has been trembled due to many disruptions, and it’s significant for India and Japan to have a tight partnership.
The Japanese PM also asserted that the two nations will hold the next talks as soon as possible. “We also accept the agreement of cooperation in cyber security. India’s a very crucial partner for Japan… I invite PM Narendra Modi for the Quad Summit Meeting in Tokyo,” Kishida concluded.
Modi said that India and Japan recognize the importance of a secure, trusted, reliable and stable energy supply and that both sides are determined to improve comprehensive cooperation.