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Modimagic: Japan pledges aid of Rs 2 lakh crore
September 01, 2014
Here's some of the takeaway from PM Modi's trip to Japan.
-- Japan to invest $35billion (in public and private investment in India over a period of five years to finance projects including infrastructure and building of smart cities. Some of this fund will be used for the Ganga rejuvenation project.
-- No civil nuclear deal with Japan, but negotiations to continue.
-- Japan to provide financial and technical support for bullet trains.
-- No deal on purchase of US2 amphibian craft.
-- Japan to remove six of Indias space and defence-related entities from Japan's Foreign End User List.
India-Japan ties are expected to get a major boost from the personal
camaraderie of Modi and his Japanese counterpart Prime Minister Shinzo
Abe. Both leaders are emblematic of a new, ambitious and nationalistic
Asian landscape. They have decisive mandates to reshape the economic and
strategic future of their respective nations and they are already using
it with great flourish.
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