Japan Has Become the Third-Largest Investor in India: PM Modi

PM Modi and PM Abe partner to take a step forward towards economic prosperity of India and Japan.

Japanese Prime Minister Shinzo Abe (Left) and Prime Minister Narendra Modi at India-Japan 2017 Summit.

(Photo: IANS)

During Japanese PM Shinzo Abe’s visit to Ahmedabad, India and Japan took their relationship a step further through the signing of various MOUs. While most of these focused on defence and Make in India, PM Narendra Modi hailed the launch of bullet train as the most significant partnership, calling it the ‘lifeline of new India’.

Talking about the partnership, PM Modi claimed that Japan has now become the third-largest investor in India.

During 2016-17, Japan has invested $4.7 billion in India. It is 80% higher than 2015-2016. This shows that Japan believes in the economic growth and prosperity of India

Narendra Modi, Prime Minister

He also thanked Abe for his personal interest in making sure India could realise the bullet train dream. Attributing this partnership to taxation reforms, Skill India and Make in India, PM Modi also claimed that it is a tremendous opportunity for Japanese businesses to work for India’s flagship projects.

Calling Modi a ‘far-sighted leader’, Abe also expressed his love for Gujarat and his hopes for the successful completion of the Rs 88,000 crore bullet train project.

I hope to enjoy the beautiful scenery of India through the windows of the bullet train when I come back here in a few years.

Shinzo Abe, Prime Minister, Japan

Modi also thanked Japan for the civil nuclear deal and its ratification.

Video Editor: Mohd Ibrahim