PM Modi lauds Japan as an “indispensable partner” in India’s development

PM Modi, who is in Japan to attend the summit of QUAD leaders, has praised Japan for being a strategic and indispensable partner contributing to India’s development.

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Ahead of his bilateral meeting with the Japanese Prime Minister, Fumio Kishida, PM Narendra Modi praised Japan for being the most reliable and indispensable partner in India’s development. The two Prime Ministers would hold a bilateral meeting on Tuesday.

“We have also fostered a dynamic startup ecosystem in India, with over 100 unicorns. The Japanese capital is already playing an important role in this effort. And there is potential for a great deal more,” according to Prime Minister Narendra Modi.

India and Japan have been collaboratively working on numerous developmental projects with one crucial bring Mumbai – Ahmedabad Bullet train project.

“The iconic Mumbai-Ahmedabad High-Speed Rail project symbolizes Japan’s extensive collaboration in some of the most important endeavors to build a New India,” added, Prime Minister Modi. the project will be covering three districts in Maharashtra and eight districts in Gujarat. The center will bear the cost of 10, 000 crore rupees. While Maharashtra and Gujarat will contribute 5, 000 crores each. The project is finalized to be built at 1.8 lakh crore. Japan will pay the remaining amount, which is a loan sanctioned at a 0.1 % interest rate.

Foreign Secretary Vinay Mohan Kwatra, while briefing about PM Modi’s visit to Japan, said, “Modi has referred to the India-Japan relationship as being one of the most natural in the region. In the last few years, the India-Japan Special Strategic and Global Partnership have seen great momentum.”

He further added, “The meeting (between Modi and Kishida) will be an opportunity to carry forward the high-level engagement between the two countries, as also to advance bilateral cooperation agenda.”

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