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Tokyo: Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe held wide-ranging talks today to enhance cooperation in defence, civil nuclear and infrastructure development.
Here are the top 10 takeaways from the talks
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- India’s bullet train project will receive financial, technical and operational support from Japan.
- Japan will invest $33 billion in five years in India, a chunk of which will go into PM Modi’s pet projects for cleaning up the river Ganga and for developing smart cities.
- Japan will invest substantially in the Metro project in Ahmedabad in Mr Modi’s Gujarat.
- The two countries decided to set a target of doubling Japan’s foreign direct investment and the number of Japanese companies in India within five years.
- Japanese “Industrial Townships” and other townships will be set up with investment incentives for companies.
- PM Modi has announced a special team in his office to facilitate Japanese investment in India.
- Partnership city arrangement between Varanasi, PM Modi’s constituency in Uttar Pradesh, and the historic Kyoto city.
- Japan has agreed to remove six of India’s space and defence-related entities from its Foreign End User List.
- There will be public-private initiatives to set up Electronics Industrial Parks in India and Japan.
- Enhanced participation in student exchange programmes.India will promote Japanese language education. The two countries have discussed a big push for collaboration in information technology.