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Japan to Invest $42 Billion in India

Published on March 19, 2022
Current Context: Japanese Prime Minister Fumio Kishida and Prime Minister Narendra Modi aims to strengthen security ties across the Indo-Pacific region.
Japan to Invest $42 Billion in India
  • India and Japan are party to the Quadrilateral Security Dialogue (Quad), a security framework that also includes the United States and Australia.
  • Aim to reinforce security and economic ties with India, the world's second-most populous country and Asia's third-largest economy.
  • Japan has been supporting India's urban infrastructure development and a high-speed railway based on its bullet train technology.
  • Also, a plan to invest 5 trillion yen ($42 billion) in India over five years during this visit.
  • Former Japanese Prime Minister Shinzo Abe in 2014 announced 3.5 trillion yen in investment and financing over five years during a visit to India.
  • Japan and India 2020 signed an acquisition and cross-servicing agreement that allows for reciprocal stocks of food, fuel, and other supplies between defence forces.

Question: 

Q.1 Which country is to invest $42 billion in India?
a. Japan
b. China
c. Iran
d. Iraq
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