Japan to invest 35 billion dollars in India, no breakthrough in nuclear deal

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  • On Monday, Japan PM Shinzo Abe announced USD 35 billion dollar investment in India
  • This investment will be spreaded over the next five years
  • Both the countries decided to enhance their defence and strategic cooperation
  • No breakthrough came in nuclear deal, but they agreed to speed up negotiations
  • Abe had recieved PM Modi on Saturday in Kyoto
  • Both the premiers had spent their weekend by visiting two ancient Buddhist temples
  • Earlier, Modi invited Japan businessmen to come and do business with India
  • At the summit talks, the two countries decided to elevate their ties to a Special Strategic Global Partnership
  • Tokyo will also help India in providing financial, technical and operational support to introduce bullet trains
  • Tokyo had also agreed to develop Varanasi like their city Kyoto
  • Modi is on a five day visit to Japan