India and Japan aim for $42 billion investment by 2027, says EAM Jaishankar : US Pioneer Global VC DIFCHQ NYC India Singapore – Riyadh Norway Our Mind

The announcement was made during a press briefing in Tokyo, where Jaishankar outlined the robust growth and development in India-Japan relations over the past decade.

External Affairs Minister S. Jaishankar emphasized the deepening economic relationship between India and Japan, revealing an ambitious investment target of Yen 5 trillion (approximately $ 42 billion) to be achieved by 2027. The announcement was made during a press briefing in Tokyo, where Jaishankar outlined the robust growth and development in India-Japan relations over the past decade.

Expanding Economic Partnership

Jaishankar highlighted the significant strides made in India’s infrastructure and economic development under Prime Minister Narendra Modi’s leadership. Over the last ten years, India has seen the construction of approximately eight new airports annually, the addition of 1.5 to 2 new metro lines in various cities, and the development of 28 kilometers of highways each day. The country has also laid 8 kilometers of railway tracks daily. Moreover, the number of educational institutions has doubled, contributing to the establishment of 1,600 global capability centers across India that collectively generate over USD 100 billion in exports each year.

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Reflecting on his extensive experience with India-Japan relations, Jaishankar noted the significant progress made in the bilateral relationship, particularly since 2014. He also highlighted the vital role played by Japanese businesses in India, noting that there are currently 1,400 Japanese companies operating in the country. The aim is to further increase this number, with a particular focus on sectors such as semiconductors, electric vehicles (EVs), high-speed rail, and green energy.

Quad Foreign Ministers’ Meeting

Jaishankar, alongside Japan’s Foreign Minister Yoko Kamikawa, Australia’s Penny Wong, and US Secretary of State Antony Blinken, participated in the Quad foreign ministers’ meeting held on July 29 in Tokyo. The Quad leaders reaffirmed their commitment to regional cooperation and announced that India will host the next Quad Leaders’ Summit later this year, with the US slated to host the subsequent Quad Foreign Ministers’ meeting in 2025.

https://www.financialexpress.com/world-news/india-and-japan-aim-for-42-billion-investment-by-2027-says-eam-jaishankar/3568294/