Indo-Japan Summit Begins Tomorrow


New Delhi: A Rs 98,000 crore deal to build a bullet train  and agreements likely to be signed during Japanese Prime Minister Shinzo Abe’s three-day visit beginning tomorrow during which he will hold annual summit talks with PM Narendra Modi.

The focus of the visit will be on forging greater synergies between two major Asian economies and take forward the special strategic ties. In the 9th annual Indo-Japan summit talks on Saturday, PM Modi and PM Abe will review implementation of various decisions taken in course of last one year to enhance economic ties, particularly in the trade and investment sector.

Sources said a number of agreements including awarding the Rs 98,000 crore contracts to build India’s first bullet train network will be inked.

After the talks, he will leave for Varanasi, which is Modi’s Parliamentary constituency, where he will attend Ganga Aarti at famous Dasaswamedh Ghat. Modi will accompany Abe during his nearly four-and-a-half-hour-long visit to Varanasi. Abe will return here in the evening.

In Delhi, Abe will call on President Pranab Mukherjee, attend a Japan-India innovation seminar and interact with a group of business leaders.

At the last Summit meeting held in Tokyo last year, the two prime ministers had agreed to elevate the relationship to “Special Strategic and Global Partnership”.

Modi had visited Japan from August 30 to September 3 last year during which that country had announced doubling of its private and public investment in India to about USD 34 billion over a period of five years.