Japan PM Fumio Kishida seeks better business environment

NEW DELHI: In a bilateral meeting with PM Narendra Modi, Japan PM Fumio Kishida called for cooperation in improving the investment environment in India to achieve the 5trillion-yen target of public and private investment and financing from Japan to India in the next five years. The target was set in March last year.


Both leaders, who met on the margins of the G20 summit here, welcomed the provision of a 400-billion-yen loan for the construction project of the high-speed rail, a flagship project of Japan and India, is under way, according to Japanese authorities.


“Held productive talks with PM Kishida. We took stock of India-Japan bilateral ties and the ground covered during India’s G20 Presidency and Japan’s G7 Presidency. We are eager to enhance cooperation in connectivity, commerce and other sectors,” Modi said on X.