India-Japan relations enter new era

JAPANESE INVESTMENTS: India and Japan have agreed to enhance their defence and strategic cooperation to a new level during talks between Prime Minister Narendra Modi and his counterpart Shinzo Abe in Tokyo on Monday, Sept 1. Striking good personal chemistry, the two leaders had "very fruitful" and "meaningful" exchanges after which Abe announced doubling of Japan's private and public investment in India to about USD 35 billion over the next five years. The 3.5 trillion yen of investment from Japan to India including Official Development Assistance(ODA) during a 5-year period will be under the aegis of India-Japan Investment Promotion Partnership for development of projects including infrastructure and building smart cities.