Japan announces $42b investment in India


FE Team | Published: March 19, 2022 22:56:50 | Updated: April 22, 2022 19:55:49


Japan announces $42b investment in India

Japanese Prime Minister Fumio Kishida on Saturday announced a 5.0 trillion yen ($42 billion) investment in India over the next five years during a meeting with Prime Minister Narendra Modi in New Delhi.

The two leaders were meeting to strengthen security amid the Ukraine crisis and improve economic ties between the two nations. Japan in recent years has supported India's urban infrastructure development and the high-speed railway based on its bullet train technology, reports Reuters.

In 2014, then-Japanese Prime Minister Shinzo Abe announced 3.5 trillion yen in investment and financing over five years during a visit to India.

Share if you like