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India and Japan Leaders Meet, Announce Nearly 120 Business Deals and $10 Billion in Japanese Investment
Indian Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi met July 2 in New Delhi. They highlighted nearly 120 business agreements and more than $10 billion in Japanese investment. Companies from both nations ran welcoming newspaper advertisements.
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Indian Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi pledged July 2 to strengthen economic ties between their countries, Semafor reported. Modi said the two sides reached nearly 120 business agreements over the past year. These deals brought more than $10 billion in Japanese investment to India, he stated.
Japanese and Indian companies placed newspaper advertisements welcoming Takaichi to New Delhi. The ads highlighted the growing business connections between the nations. Japanese megabanks are making an unprecedented push into India, according to Bloomberg as cited by Semafor.
Modi referred to Takaichi as his “younger sister,” reflecting his personal affinity for Japan. Both countries are seeking ways to reduce dependencies on China.
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