Modi accepts invitation to G7 summit

The Indian prime minister will attend the elite gathering hosted by Japan in Hiroshima on May 19

Indian Prime Minister Narendra Modi has accepted the invitation of his Japanese counterpart, Fumio Kishida, to attend the upcoming G7 summit throughout their bilateral assembly in New Delhi on Monday.

The summit can be held in Hiroshima, Japan, from May 19 to 21. “I formally invited PM Modi to G-7 Hiroshima Summit and on the spot my invitation was immediately accepted,” Kishida stated on the joint press convention held after the bilateral assembly. Modi additionally invited him to the G20 summit, which can be held in India in September.

Kishida acknowledged that financial cooperation between Japan and India was rising quickly, which might support India’s growth whereas creating vital financial alternatives for Japan. Japan is the fifth largest investor in India, with overseas direct investments value $38.3 billion between April 2000 and December 2022. More than 1,450 Japanese corporations are working in India and plenty of are housed in particular financial zones throughout the nation. Japan’s financial push would strengthen the Indian authorities’s ‘Make in India’ coverage and international provide chains, Kishida stated.

During their assembly, the 2 prime ministers celebrated 70 years of diplomatic ties between their international locations and mentioned their ongoing relationship, Indian Foreign Secretary Vinay Mohan Kwatra instructed the media. This yr “promises to be an exciting one,” with India and Japan holding the rotating presidency of G20 and G7, respectively, he added. 

The PMs additionally mentioned protection, safety, local weather motion, vitality, innovation and ability growth. Regional problems with mutual concern corresponding to maritime safety within the Indo-Pacific additionally featured within the dialogue, the Indian overseas secretary stated. 

Kishida welcomed the renewal of the Memorandum of Cooperation on Japanese language training. Plans are additionally afoot to prioritize decarbonization, vitality and tourism, he stated. Modi spoke in regards to the significance of the India-Japan Special Strategic and Global Partnership and the way it has nurtured bilateral ties by way of the years.

The Hiroshima gathering would be the forty ninth summit of the Group of Seven – the world’s largest developed economies that contains the US, Canada, Germany, France, the UK, Italy and Japan, in addition to the European Union as a “non-enumerated member.” The group was beforehand referred to as G8, however Russia’s membership was suspended till additional discover after its reunification with Crimea in 2014.

India, Brazil, the Cook Islands, Comoros, Indonesia, South Korea, and Vietnam are collaborating as particular invitees to the summit. Several international organizations such because the International Energy Agency, International Monetary Fund, OECD, the United Nations, World Bank, World Health Organization and World Trade Organization may also be in attendance, represented by their respective heads.

The Hiroshima summit, just like the one held final yr within the Bavarian Alps in Germany, is predicted to heart on the continued Russia-Ukraine disaster that entered its second yr on February 24, China’s rising ambitions within the Indo-Pacific, the revival of the worldwide financial system after the Covid-19 pandemic, vitality safety and local weather motion.