Japan may announce 10 tril. yen India investment goal during Modi visit
The new target -- an update of a five-year 5 trillion yen investment goal rolled out in 2022 -- is intended to further spur investment at a time when the two countries are working closely to promote a "free and open Indo-Pacific" in the face of an assertive China.
The Japanese government may mention the target in an outcome document to be issued following summit talks between Japanese Prime Minister Shigeru Ishiba and Modi, the source said.
Modi plans to visit Japan for three days from Aug. 29, the source said. It will be his first visit to Japan since May 2023, when he traveled to the Group of Seven summit in the western city of Hiroshima.
The Japanese government said in March 2022, at the time of a visit to India by then Prime Minister Fumio Kishida, that it would aim for 5 trillion yen of public and private investment as well as financing over five years.
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