India and Japan today failed to break new grounds in ongoing talks on a nuclear deal between the two countries despite the bonhomie between Prime Minister Narendra Modi and Japanese premier Shinzo Abe.
The two sides today signed a statement of intent to continue talks on the nuclear deal, officials said after summit talks between the two leaders in Tokyo today.
But, both the countries agreed to expand the bilateral cooperation in various sectors with Tokyo on Monday committing to double its direct investment in India from $2 billion last year to 3.5 trillion yen in next five years.
Ministry of External Affairs spokesperson Syed Akbaruddin tweeted that under India–Japan Investment Promotion Partnership deal, Tokyo has agreed to make 3.5 trillion yen of public and private investment in India in next 5 year period.
Japan expressed readiness to provide financial, technical and operational support to introduce bullet trains in India.
Modi thanked Abe for his hospitality and said that the Japan's friendship mattered greatly to India for the future.
The Indian Prime Minister said the most important thing that emerged between the two nations was the special strategic and global partnership that they had agreed to forge.
"In my view these aren't just words or a shift in category. We are very serious about this and we are confident that this new partnership will have an important role to play in the future," Modi said.
Modi said that Abe has promised that Japan will participate in India's plan for inclusive development.
The Indian Prime Minister welcomed the decision by the Japanese Prime Minister to invest Rs 2.10 lakh crore in the Indian economy through private and public funds for infrastructure funding.
Modi said that the promise of investment was a sign that the Japanese prime minister understood the vision that he had for the country. He said he had been promised complete co-operation in the purification of the Ganga river by the Japanese Prime Minister.
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