Narendra Modi's Japan visit Highlights
Narendra Modi\'s Japan Visit Highlights. Prime Minister Narendra Modi on Wednesday left for home after concluding his successful visit here during which Japan promised to give USD 35 billion to India over the next 5 years for developmental projects.
Prime Minister Narendra Modi on Wednesday left for home after concluding his successful visit here during which Japan promised to give USD 35 billion to India over the next 5 years for developmental projects.
Japan also lifted ban on six Indian entities including Hindustan Aeronautics Limited (HAL), which had been imposed in the aftermath of 1998 nuclear tests.
During the four-day visit, his first outside the subcontinent since becoming PM in May, Modi invited Japanese investments while hard-selling India as a conducive destination for business particularly for the manufacturing sector.
During the talks between Modi and Japanese PM Shinzo Abe, the two sides agreed to enhance their defence and strategic cooperation to a new level and also decided to speed up negotiations on civil nuclear deal that could not be concluded now.Striking good personal chemistry, the two leaders had "very fruitful" exchanges.
Prime Minister Narendra Modi deplored the “expansionist” tendency among some countries, which “encroach” upon seas of others, in oblique comments against China which is having a maritime dispute with Japan.
“The whole world accepts that the 21st century will belong to Asia. But I have a question. How should the 21st century be? We have to give an answer to this. It will depend on how deep and progressive our relationship (between India and Japan) is,” Mr Modi said, addressing business leaders of India and Japan here.
Addressing top business leaders of Japan and India here, Modi flagged the recent decisions to liberalise FDI policy in the railways, defence and insurance and said rules and laws are being changed in India which would show results in the near future.
He underlined the need for closer and deeper cooperation between Japan and India to champion the cause of global "vikas vaad (development) instead of vistar vaad (expansionism)".
Asserting that good governance is his priority, the Prime Minister said single window-clearances is a significant part of it as he realises the importance of easing business, simplifying procedures, quickening processes and using technology.
Modi will try to woo Japanese investment in three of his favorite projects, including railway modernization, an industrial corridor between New Delhi and Mumbai, and a plan to build 100 "smart cities" with high-tech communication facilities and modern infrastructure.
In the summit meeting, the two premiers are likely to agree on launching a "two-plus-two" security consultative framework involving their foreign and defence ministers