Modi-Abe talks | India Writes

No nuclear deal yet, but Abe lauds India for non-proliferation

September 1, 2014September 1, 2014 - by India Writes Network

TOKYO: The much-vaunted nuclear deal remained elusive, with the leaders of India and Japan reiterating their resolve to conclude it at the earliest, but officials said there was “significant progress” …

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

September 1, 2014September 1, 2014 - 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.