Japan announces Rs 3.2 lakh crore in India in next five years

New Delhi : Japanese Prime Minister Fumio Kishida on Saturday held talks with his Indian counterpart PM Narendra Modi over several issues, including crisis in Ukraine. After the talk, he announced an investment plan of five trillion yen (Rs 3.2 trillion) in India over the next five years.

The two sides have signed six agreements to expand their bilateral portfolio.

Addressing a joint press conference, Prime Minister Narendra Modi said that with this India-Japan ties will further strengthen and will create a stable Indo-Pacific partnership.

Meanwhile, the Japanese PM also talked about Russia's invasion in Ukraine and said that the matter should be taken care of on an immediate basis.

"We have discussed the situation in Ukraine as it has shaken the international orders; we need to come to a resolve at earliest," he said during the joint presser.

Talking about bilateral relations, he said that Japan will be investing around Rs 3.2 trillion in India in next five years.

The two sides also vowed to expand cooperation in the Indo-Pacific region.