Business Japan PM Kishida announces $42 billion investment in India

Japan PM Kishida announces $42 billion investment in India

Japan PM Kishida announces $42 billion investment in India

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Economic system6 hours ago (Mar 19, 2022 11: 35AM ET)

© Reuters. Indian Top Minister Narendra Modi speaks all over a joint details convention with Japanese Top Minister Fumio Kishida, at Hyderabad Home in Novel Delhi, India, March 19, 2022. REUTERS/Adnan Abidi

MUMBAI (Reuters) – Japanese Top Minister Fumio Kishida on Saturday announced a 5 trillion yen ($42 billion) funding in India over the subsequent five years all over a gathering with Top Minister Narendra Modi in Novel Delhi.

The 2 leaders were assembly to toughen security amid the Ukraine crisis and offers a enhance to economic ties between the two countries. Japan in most up-to-date years has supported India’s urban infrastructure pattern and the high-velocity railway primarily based fully mostly on its bullet put collectively technology.

In 2014, then-Japanese Top Minister Shinzo Abe announced 3.5 trillion yen in funding and financing over five years all over a take a look at with to India.

($1 = 119.1700 yen)

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