Japan Japan to offer $42 bn in investments to India during Kishida's visit: Report
New Delhi: Japanese Prime Minister Fumio Kishida is likely to announce an investment plan of 5 trillion yen ($42 billion) in India over the next five years during his trip starting tomorrow, according to a media report.
The 5 trillion yen loan is above the 3.5 trillion yen in investment and financing over the five years, announced by the then Japanese Prime Minister Shinzo Abe in 2014 visit to India, Japan’s Nikkei newspaper reported.
Japan's is financing India’s several urban infrastructure development as well as a high-speed railway based on Japan’s shinkansen bullet train technology.
According to media reports, the Japanese PM is likely to pledge increase in investments in terms of value as well as expansion of prominent Japanese companies in India.
Prime Minister Kishida is due to reveal the public-private funding during an economic forum.
Kishida is also poised to agree to an approximately 300 billion yen loan during his meeting with Prime Minister Narendra Modi, according to the report.
Kishida plans to confirm the strengthening of security arrangements with Russia’s invasion of Ukraine in mind.
This will be Kishida’s first overseas trip as prime minister since he traveled to Great Britain in November.
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