Japan is to invest $42 billion in India, and Prime Ministers will meet today, according to reports1 min read
When Japanese Prime Minister Fumio Kishida visits Prime Minister Narendra Modi in Delhi today, he will promote a coordinated approach on Ukraine while also attempting to improve security ties across the Indo-Pacific region.
“Because the Russian invasion of Ukraine coincides with my tour”, Prime Minister Kishida stated ahead of his visit, “I’d like to emphasise the need of world unity and confirm that Japan and India would work together on different issues”. During his visit, he is likely to unveil a proposal to spend 5 trillion yen ($42 billion) in India over the next five years. In 2020, Japan and India signed an acquisition and cross-servicing agreement that provides for mutual stockpiles of food, gasoline, and other supplies between defence forces. India and Japan are members of the Quadrilateral Security Dialogue (Quad), which also includes the United States and Australia.