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Japan PM Kishida declares $42 billion investment in India

Financial system7 hours ago (Mar 19, 2022 11: 35AM ET)

© Reuters. Indian High Minister Narendra Modi speaks right through a joint news conference with Japanese High Minister Fumio Kishida, at Hyderabad Rental in Contemporary Delhi, India, March 19, 2022. REUTERS/Adnan Abidi

MUMBAI (Reuters) – Japanese High Minister Fumio Kishida on Saturday announced a 5 trillion yen ($42 billion) investment in India over the next five years right through a gathering with High Minister Narendra Modi in Contemporary Delhi.

The two leaders had been meeting to enhance security amid the Ukraine crisis and give a exhaust to economic ties between the 2 nations. Japan as of late has supported India’s urban infrastructure constructing and the excessive-velocity railway based totally totally on its bullet put together know-how.

In 2014, then-Japanese High Minister Shinzo Abe announced 3.5 trillion yen in investment and financing over five years right through a issue over with to India.

($1 = 119.1700 yen)

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