: Japan to invest Rs 3.2 lakh crore in India in five years, says PM Modi #IndiaNEWS Japan will invest 5 trillion yen, or Rs 3.2 lakh crore, in India over the next five years in India, Prime Minister

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Japan to invest Rs 3.2 lakh crore in India in five years, says PM Modi #IndiaNEWS
Japan will invest 5 trillion yen, or Rs 3.2 lakh crore, in India over the next five years in India, Prime Minister Narendra Modi said on Saturday, reported ANI.“We are committed to providing a friendly environment to Japanese companies in India,â€? the prime minister said. The statement came after Modi and Japanese Prime Minister Fumio Kishida held bilateral talks at the 14th India-Japan Annual Summit, which took place after two years. In 2014, former Japanese Prime Minister Shinzo Abe had announced 3.5 trillion yen, or Rs 2.22 lakh crore at current exchange rates, in investment and financing over the next five years during a visit to India, reported The Indian Express. This target has been met, according to the newspaper.“India and Japan understand the importance of a secure, trusted, predictable and stable energy supply,â€? Modi said on Saturday. “This is essential to achieve sustainable economic growth and to deal with climate change.â€?The prime minister also said that there has been progress in the economic partnership between the two countries. “Japan is one of the largest investors in India,â€? he said.#WATCH Japan will invest 5 trillion Yen or Rs 3.2 lakh crores in the next five years in India, says PM Modi pic.twitter.com/IlpJQbbmAp— ANI (@ANI) March 19, 2022 The two sides have signed six agreements...Read more

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