India and Japan sign $42 bn investment agreements for next five years
ECONOMY & POLICY

India and Japan sign $42 bn investment agreements for next five years

India and Japan aim to invest $42 billion in the coming five years, the leaders declared after a meeting in New Delhi for the 14th annual summit, where several contracts were signed.

The two sides discussed several regional troubles where PM Narendra Modi briefed PM Fumio Kishida on the situation at the Line of Actual Control (LAC) with China and the People's Liberation Army’s (PLA) attempts at multiple transgression on the LAC.

Foreign secretary Harsh Shringla said that any normalcy in the India-China relationship would depend on the progress on the LAC de-escalation talks, implying that the planned visit of Chinese Foreign Minister Wang Yi would need to concentrate on that.

However, in a clear indication of differences over their stands on the Russia–Ukraine conflict, Kishida highlighted that Russia’s actions must not be ‘condoned’ while PM Modi made no direct reference to the situation.

Russia’s invasion of Ukraine is a grave development that shakes the fundamentals of the international order. And they need to resolutely respond to the situation.

It was the first India-Japan annual summit since 2018, which had been delayed due to protests against the Citizenship (Amendment) Act and then due to the pandemic.

PM Modi told the media that as the global post-covid recovery process falters and geopolitical development present new challenges, it was necessary to deepen the India-Japan partnership, which would have an influence on the Indo-Pacific region, and the world, adding that the two leaders had additionally discussed bolstering bilateral cooperation including at the United Nations.

While Japan has invariably criticised Russia’s Ukraine invasion and inflicted several sanctions on Russia including economic and oil equipment export bans, India has thus far refused to vote for any resolutions criticising Russia, and Indian firms are stepping up their intake of Russian oil.

Image Source

Also read: Japan, India jointly review work under Japanese Industrial Townships

India and Japan aim to invest $42 billion in the coming five years, the leaders declared after a meeting in New Delhi for the 14th annual summit, where several contracts were signed. The two sides discussed several regional troubles where PM Narendra Modi briefed PM Fumio Kishida on the situation at the Line of Actual Control (LAC) with China and the People's Liberation Army’s (PLA) attempts at multiple transgression on the LAC. Foreign secretary Harsh Shringla said that any normalcy in the India-China relationship would depend on the progress on the LAC de-escalation talks, implying that the planned visit of Chinese Foreign Minister Wang Yi would need to concentrate on that. However, in a clear indication of differences over their stands on the Russia–Ukraine conflict, Kishida highlighted that Russia’s actions must not be ‘condoned’ while PM Modi made no direct reference to the situation. Russia’s invasion of Ukraine is a grave development that shakes the fundamentals of the international order. And they need to resolutely respond to the situation. It was the first India-Japan annual summit since 2018, which had been delayed due to protests against the Citizenship (Amendment) Act and then due to the pandemic. PM Modi told the media that as the global post-covid recovery process falters and geopolitical development present new challenges, it was necessary to deepen the India-Japan partnership, which would have an influence on the Indo-Pacific region, and the world, adding that the two leaders had additionally discussed bolstering bilateral cooperation including at the United Nations. While Japan has invariably criticised Russia’s Ukraine invasion and inflicted several sanctions on Russia including economic and oil equipment export bans, India has thus far refused to vote for any resolutions criticising Russia, and Indian firms are stepping up their intake of Russian oil. Image Source Also read: Japan, India jointly review work under Japanese Industrial Townships

Next Story
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?