External Affairs Minister S. Jaishankar announced a $42 billion investment target between India and Japan by 2027 during a press briefing in Tokyo. He emphasized the substantial growth in India-Japan relations over the past decade, highlighting the robust development in their economic partnership.
Jaishankar highlighted India’s infrastructure and economic advancements under Prime Minister Narendra Modi. The country has built around eight new airports annually, added 1.5 to 2 new metro lines in cities, and developed 28 kilometers of highways daily. Additionally, India lays 8 kilometers of railway tracks each day and has doubled its educational institutions.
Reflecting on the bilateral relationship, Jaishankar noted significant progress, especially since 2014. He mentioned the presence of 1,400 Japanese companies in India, with a goal to increase this number. Key focus areas include semiconductors, electric vehicles, high-speed rail, and green energy.
Jaishankar also attended the Quad foreign ministers’ meeting with counterparts from Japan, Australia, and the US. The leaders reaffirmed their commitment to regional cooperation. India will host the next Quad Leaders’ Summit later this year, with the US hosting the subsequent foreign ministers’ meeting in 2025.
Source: Financial Express
