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Japan MODI-fied; To Help India With USD 35 Billion

PUBLISHED BY: SURENDER KUMAR
SEPTEMBER 03, 2014

   
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Japan MODI-fied; To Help India With USD 35 Billion

 

PM Narendra Modi’s extremely successful Japan visit has come to an end with the signing of multiple accords on cooperation in many areas. The key takeaways from the 5-day tour are:


1. Japan has promised $35 billion (Re. 2, 10, 000 Crore) to India through public and private funding in the next 5 years for development projects, including smart cities and cleanup of the Ganga.

2. Both sides have signed five pacts on defence exchange, cooperation in clean energy, roads and highways, healthcare and women. The two have vowed to take their relationship from a strategic alliance to a special strategic partnership.

3. The ban lifted from six Indian entities including Hindustan Aeronautics Limited (HAL). It was imposed after the 1998 nuclear tests.

4. The two have agreed to improve defence and strategic cooperation to a new level and also accelerate negotiations on a civil nuclear deal.

5. In Kyoto, an Indo-Japan pact has been inked to make Modi's Lok Sabha constituency Varanasi a smart city like Kyoto.

6. Tokyo will help India with financial, technical and operational support to introduce Bullet trains, one of Modi’s dream projects.

7. An MoU on cooperation in heritage conservation, of art, culture, academics and urban modernization.

 

8. Indo-Japan agreement on building a strong strategic relationship under the India-Japan Cooperation framework.

 

9. India will set up a Special Management Team under the PMO to facilitate proposals from Japan.




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