Prime Minister Narendra Modi said on Saturday 19th March 2022 that Japan will invest Rs 3.2 lakh crore in India in coming 5 years. He also said that the two countries have achieved the targets that were set in 2014. He was giving a joint press statement with the Japanese prime minister Fumio Kishida who is on his visit to India for the 14th summit between India and Japan.
PM Modi said, “I am happy that we have crossed the investment target of 3.5 trillion Yen set in 2014 and we have decided to increase our aspirations. In the coming five years, we have set a new target of 5 trillion Yen investment i.e. about 3.20 lakh crore.”
Addressing the joint press meet with PM @kishida230. https://t.co/FJWELr32MZ
— Narendra Modi (@narendramodi) March 19, 2022
He further said, “the world is still coping with the ill effects of COVID-19. “There are obstacles in the global economic recovery process. The geopolitical developments are also posing new challenges. In this context, it is not only important for India and Japan to strengthen their bilateral partnership but it will encourage peace, prosperity, and stability in the Indo-Pacific region and in the world.”
विश्व अभी भी Covid-19 और उसके दुष्प्रभावों से जूझ रहा है।
— PMO India (@PMOIndia) March 19, 2022
वैश्विक Economic recovery की प्रक्रिया में अभी भी अडचनें आ रही हैं।
Geo-political घटनाएँ भी नयी चुनौतियाँ प्रस्तुत कर रही हैं: PM @narendramodi
Underlining the friendly relations with the Japanese prime minister, PM Modi said, “PM Kishida has been an old friend of India. I have had the opportunity to exchange views with him when he was the Foreign Minister of Japan. Japan is one of the largest investors in India.”
इस सन्दर्भ में भारत-जापान partnership को और गहन करना सिर्फ दोनों देशों के लिए ही महत्वपूर्ण नहीं है।
— PMO India (@PMOIndia) March 19, 2022
इससे Indo-Pacific क्षेत्र और पूरे विश्व के स्तर पर भी peace, prosperity और stability को प्रोत्साहन मिलेगा: PM @narendramodi
Taking cognizance of the high-speed rail corridor development work between Mumbai and Ahmedabad, the project that is being completed with the help of Japan, PM Modi said, “Japan has made a notable contribution in the flagship projects like Dedicated Freight Corridor and Mumbai-Ahmedabad High-Speed Rail project. Good progress is being made on Mumbai-Ahmedabad High-Speed Rail.”
Dedicated Freight Corridor और Mumbai-Ahmedabad High Speed Rail जैसे हमारे flagship projects में जापान का सहयोग उल्लेखनीय रहा है।
— PMO India (@PMOIndia) March 19, 2022
हम इस योगदान के लिए आभारी हैं।
Mumbai-Ahmedabad High Speed Rail प्रोजेक्ट में अच्छी प्रगति हो रही है: PM @narendramodi
The two countries also signed six agreements including one for cyber security cooperation. A sustainable development initiative was also launched for India’s northeast and clean energy partnership.
The previous India-Japan Annual Summit took place in Tokyo in October 2018.
In 2014, Japan had announced investment of USD 33 million in India.
