In Brief

Al Qaeda launches India branch, India on alert

- by India Writes Network

India’s Home Ministry has issued an all-India alert after Al Qaeda leader Ayman al Zawahiri announced the formation of an Indian branch of his militant group in a new tape released on September 4. In his first videotape in over a year, al Zawahiri says Al Qaeda has not forgotten injustices and oppressions suffered by Muslims “in Burma, Bangladesh, Assam, Gujarat, Ahmedabad, and Kashmir”.
Calling the formation of the “Al Qaeda in the Indian Subcontinent” a glad tiding for Muslims in the region, Zawahiri added that the group will aim to “break all borders created by Britain in India” and “raise the flag of jihad” across the subcontinent.

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Japan to double investments in India, pledges 3.5 trillion yen boost

- by India Writes Network

In a series of defining steps that will pitchfork India-Japan economic relations into a higher trajectory, Asia’s second and third largest economies will jointly work towards doubling Japanese foreign direct investment (FDI) and the number of Japanese companies in India within the next five years.

India’s Prime Minister Narendra Modi and Japan’s Prime Minister Shinzo Abe, who held wide-ranging talks in Tokyo on September 1, announced the formation of India–Japan Investment Promotion Partnership to take expanding bilateral trade relationship to the next level.

Under this investment partnership, which has the potential to be a game-changer in India’s quest for world-class infrastructure, Japan will give around 3.5 trillion yen ($33 billion) of public & private investments, including Overseas Development Assistance, to India in a five year period.

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