February 4, 2023

Japan to invest in India to strengthen economic ties:

Japan says it will invest $42 billion in India over the next 5 years in a deal that is expected to shoot up bilateral trade. In a statement, Kishida said the plan of investing will bring huge benefits to several industries, ranging from urban infrastructure to green energy. This investment will also commit to strengthening security ties across the Indo- Pacific region. Japanese investments in India touched $32 billion between 2000 and 2019, mainly in the automobile, electrical equipment, telecommunications, chemicals, insurance and pharmaceutical sectors. Japan has also been supporting infrastructure development in India, including a high-speed rail project.

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