Japan PM Fumio Kishida announces over USD 75 billion infrastructure, security assistance for Indo-Pacific
In the one-on-one summit with Modi at the event, Japanese PM Kishida invited his Indian counterpart to attend the Group of Seven summit in Hiroshima in May.
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New Delhi, Mar 21: Japanese Prime Minister Fumio Kishida on Monday (Mar 20) announced over USD 75 billion worth of infrastructure and security assistance for the Indo-Pacific during his visit to India. He pledged the assistance during his speech at an event organized by the Indian Council of World Affairs (Think Tank).
In the one-on-one summit with Modi at the event, Japanese PM Kishida invited his Indian counterpart to attend the Group of Seven summit in Hiroshima in May. On a positive note, PM Modi too immediately accepted the invitation. The new development assistance, to be supplied by 2030 in conjunction with the private sector, came as Kishida outlined his own vision for a "free and open Indo-Pacific." He credited his late predecessor Shinzo Abe with pushing the concept back in 2016.
Also read: Japan PM Fumio Kishida arrives in India on 2-day visit
#PMinAction: On March 20, 2023, Prime Minister Kishida delivered a policy speech at the Indian Council of World Affairs (@ICWA_NewDelhi), announcing Japan’s new plan for a “Free and Open Indo-Pacific (#FOIP).”
— PM's Office of Japan (@JPN_PMO) March 21, 2023
▼ Read the full text here: https://t.co/KhLB2DBXrz pic.twitter.com/yBny1W8EVv
The Japanese Prime Minister has called for advancing "quality infrastructure investment," in line with the goals of the Group of 20, chaired by India this year. The PM has as part of the proposed aid, also offered free security assistance to the armed forces of like-minded nations. But he also warned against unchecked "division and confrontation."
PM Modi and his Japan counterpart Kishida on Monday (Mar 20) exchanged views on defence equipment and technology cooperation, trade, health, digital partnership and also had a fruitful discussion on importance of reliable supply chains in semiconductor and other critical technologies.
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