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Japan PM Kishida announces $42 billion investment in India -Breaking

by Mike Robinson

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© Reuters. Indian Prime Minister Narendra Modi spoke at a news conference held in collaboration with Fumio Kishida (Japan Prime Minister), on March 19, 2022, Hyderabad House, New Delhi. REUTERS/Adnan Abidi

MUMBAI (Reuters), During a meeting in New Delhi with Prime Minister NarendraModi, Fumio Kaishio announced a five trillion yen ($42billion) investment in India in the next five-years.

These leaders met in order to improve security and economic ties, as well as strengthen their security during the Ukraine crisis. Japan in recent years has supported India’s urban infrastructure development and the high-speed railway based on its bullet train technology.

On a visit in India in 2014, Shinzo Abe (then the Japanese Prime Minister) revealed that there would be 3.5 trillion Japanese yen for investment and financing over five consecutive years.

($1 = 119.1700 yen)

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