New Delhi: Japan Prime Minister Fumio Kishida has landed in India today. He is likely to discuss Ukraine crisis with The Prime Minister Narendra Modi. During his two-day stay in New Delhi will take part in the 14th India-Japan Annual Summit.
The India-Japan Annual Summit had last taken place in Tokyo in October 2018.
Kishida’s visit to is important amid the western countries are signing sanctions against Russia for invading Ukraine. Major oil-consuming countries are keeping a close watch on the impact of the Ukrainian crisis on oil prices.
India and Japan have multi-faceted cooperation as partners. This is within the ambit of their “Special Strategic and Global Partnership”.
This Summit will provide an opportunity for both the sides to reviewing and strengthening the bilateral cooperation in diverse areas as well as exchange of views on the regional and global issues and mutual interest so as for advancing their partnership for peace, stability and prosperity in the Indo-Pacific region and beyond.
In October 2021, PM Modi and PM Kishida had spoken on a phone call, after the Japanese PM had taken up the charge. Both the sides wished to to further strengthen “Special Strategic and Global Partnership”.
After PM Modi visited Japan in 2014, there is a tremendous progress, and implementation of several important decisions taken by both the countries. Shinzo Abe was then the Japanese PM.
Including Public and Private participation in various projects, Japan had announced an investment of Yen 3.5 trillion for India.
Presently there are 1455 Japanese companies in India. Eleven Japan Industrial Townships (JIT) have been established, including Neemrana in Rajasthan and Sri City in Andhra Pradesh. Japan is also India’s 5th largest source of FDI, besides being the largest development partner.
With the help of Japanese assistance, several infrastructure projects are currently underway, including Mumbai-Ahmedabad High-Speed Rail corridor, Dedicated Freight Corridor, Metro projects, and Delhi-Mumbai Industrial Corridor Project.
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