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Japan Set To Offer $42 Billion Investment To India, Says Report

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New Delhi: Japan Prime Minister Fumio Kishida is likely to encourage a unified approach on war-torn Ukraine during his meeting with Prime Minister Narendra Modi here on Saturday.

“Since the Russian invasion of Ukraine coincides with this trip, I’d like to emphasise the importance of international unity and confirm that Japan and India will work together on various issues,” Prime Minister Kishida was quoted as saying ahead of his visit by news agency Reuters.

India and Japan are party to a security framework — Quadrilateral Security Dialogue (Quad) — that also includes the United States and Australia.

Japan has already imposed sanctions on dozens of Russian individuals and organisations since the invasion of Ukraine that started on February 24. Japan has also been providing shelter to Ukrainian refugees. India is the only one country of the four Quad members that has not condemned the invasion.

Prime Minister Kishida is also set to reinforce security and economic ties with the sub-continent. The Japanese PM is likely to announce a plan to invest 5 trillion yen ($42 billion) in India over the next five years during this visit, Nikkei newspaper in Japan reported.

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