To strengthen the ties between the two nations, Japan has granted a $2.32 billion aid for infrastructure building in India, with both countries agreeing to promote bilateral strategic and global partnership especially in the areas of economy and security. The loan package consists of four projects, including a freight railway project connecting New Delhi and Mumbai, and a subway construction project in southern India. The money will specifically contribute to the building of India’s planned subway project in its financial capital Mumbai.
Apart from the grant, Japanese Foreign Minister Fumio Kishida also approved a loan to the Indian government amounting to $753.17 million for the subway project in Mumbai. The two leaders also agreed to further advance cooperation on a future high-speed railway project and to promote negotiations on a bilateral nuclear energy pact as part of civilian nuclear energy cooperation between the two countries.
