New Delhi, Aug 22
The Japanese government plans to double the target for private-sector investment in India to 10 trillion yen ($68 billion) over the next 10 years, according to a media report from Tokyo.
Prime Minister Shigeru Ishiba and Indian Prime Minister Narendra Modi are expected to confirm the new target during their meeting in Tokyo on August 29, according to a report.
This plan will expand upon Japan's current goal of investing 5 trillion yen over five years, which was announced in March 2022 by then Prime Minister Fumio Kishida during his visit to India
The new investment goal is expected to be included in a joint statement following summit talks between Prime Minister Modi and his Japanese counterpart.
PM Modi will be on a three-day visit to Japan starting August 29, his first since May 2023, when he attended the G7 summit in Hiroshima.