【Tokyo/ New Delhi】India and Japan on the 1st September announced deepening of their strategic defence and economic cooperation and asked their officials to expedite inking of a pact for nuclear energy cooperation.
While Tokyo announced doubling of its investments in India and committed itself to putting $35 billion in the country's public- and private-sector projects over the next five years, Prime Minister Narendra Modi promised he would introduce special mechanisms like "Japan Fast Track Channel" for Japanese investors here.
The investments from that country are expected to be in Modi's pet projects, such as cleaning of the Ganga, high-speed trains, building smart cities, etc.
○PM Narendra Modi's Japan visit: No $1.7 trillion fund, Tokyo to finance specific projects
【NEW DELHI】Prime Minister Narendra Modi's dream of securing $1.7 trillion from Japan for creation of a fund that would support the country's economy may not become a reality with Tokyo discouraging the plan and instead asking Delhi to present a list of specific projects that it can finance.
Ahead of Modi's maiden visit to Japan as prime minister beginning August 30, the government had approached Japan with a plan to secure $1.7 trillion over a period of five years to create a fund for mega projects. Tokyo, however, made it clear that it does not support creation of any such fund with any foreign partner but can finance specific projects identified by the Modi government, official sources told ET.
The India-Japan civilian nuclear deal may not be sealed during PM's trip to Japan although discussions are on to bridge the core differences between the two sides over the proposed treaty, officials familiar with the matter told ET.
○Japan to work with India in finding Sickle Cell Anaemia remedy
【Kyoto】Japan on the 31st August agreed to work with India in developing a treatment for the Sickle Cell Anaemia after Prime Minister Narendra Modi sought help for finding remedy to the deadly disease commonly found among tribals in India.
Modi discussed the issue with Nobel Prize winner for Medicine (2012) S Yamanaka when he visited the Kyoto University. The Prime Minister, on the second day of his tour, raised the issue during his visit to the Stem Cell Research facility and discussed whether Japan could be of help in this regard.
【News source】
Japan doubles India investment to $35 bn
PM Narendra Modi's Japan visit: No $1.7 trillion fund, Tokyo to finance specific projects
Prime Minister Narendra Modi's Japan visit may not seal civil nuclear deal
Japan to work with India in finding Sickle Cell Anaemia remedy
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