New Delhi [India], March 20 (ANI): India and Japan on Monday signed two paperwork on the renewal of a memorandum of cooperation on the Japanese language and change of notes on a 300 billion Japan International Cooperation Agency (JICA) mortgage for Mumbai-Ahmedabad bullet prepare.
At a particular briefing by Foreign Secretary Vinay Kwatra on the go to of Japan’s PM Fumio Kishida to India, he stated, “There were two documents signed on the sidelines- Renewal of MOC (Memorandum of Cooperation) in the Japanese language, essentially focussing on higher level language learning and second agreement was Exchange of notes on JICA loan for 300 bn on Mumbai-Ahmedabad high-speed railway project.”Earlier in 2022, JICA signed a mortgage settlement with the Government of India to supply an Official Development Assistance (ODA) mortgage of 100,000 million Japanese Yen (approx. Rs 6,000 Crore) as Tranche 3 on the ‘Project for the Construction of Mumbai-Ahmedabad High-Speed Rail (MAHSR).’The goal of the venture is to develop a high-frequency mass transportation system by establishing the High-Speed Rail between Mumbai and Ahmedabad, utilizing Japan’s Shinkansen expertise (often known as the “Bullet Train”), thereby enhancing mobility in India and contributing to regional financial growth.
“4th tranche of loan agreement between India, Japan signed during this visit.. (leaders took stock of) current status of implementation of the project”, stated FS Kwatra on the bullet prepare venture.
PM of Japan, Fumio Kishida is on an official go to to India to fulfill with PM Narendra Modi. The relations with Japan have at all times occupied a really particular place for India. Japan is likely one of the only a few nations with which India has a system of annual summits.
In 2014, PM Modi made his first bilateral go to exterior India, his rapid neighbourhood Japan. During that go to, the India-Japan relationship was upgraded to a particular strategic international partnership.
“Guided by strong political will on both sides, the partnership has made significant progress in the last few years covering the entire gamut of mutual engagement as witnessed in the growing convergence of our political strategic and economic interests. In fact, PM Modi has referred to the India-Japan relationship as one of the most natural partnerships in the region,” stated Kwatra.
“India-Japan special strategic global partnership built on the shared values of democracy, freedom and respect for rule of law is crucial for fostering peace, prosperity and stability in the Indo-Pacific region,” added Kwatra.
The final annual summit (14th annual summit) Between PM Kishida and PM Modi passed off in March of final 12 months in New Delhi.
The Foreign Secretary additionally instructed that India and Japan have been speaking in regards to the bigger imaginative and prescient of act East.
“IndiaJapan have been talking about, in the larger vision of act East for us, in a sub-segment of how IndiaJapan can cooperate on this issue which essentially strengthens 3-4 key aspects of regional, sub-regional and bilateral engagement which links it through as part of act East,” stated Foreign Secretary Vinay Kwatra”So there how do you build connectivity projects which link India’s north-east with the rest of the countries that fall under the act East member including Bangladesh, and Myanmar,” added Foreign Secretary Vinay Kwatra.
He additionally introduced 2023 because the India-Japan 12 months of tourism, saying, “We also announce 2023 as the India-Japan year of tourism. PM Modi express his desire with PM Kishida to declare the next year as the year of Youth Exchanges between the two countries,” stated Foreign Secretary Vinay Kwatra.
Meanwhile, Japanese PM Fumion Kishida formally invited Prime Minister Modi to G7 Hiroshima Summit and PM Modi accepted the invitation. (ANI)