Kishida visits India, unveils investment plan

Japan's Prime Minister Fumio Kishida on Saturday said his country will invest 42 billion US dollars in India over the next five years in a deal that is expected to boost bilateral trade.

Kishida met his counterpart, Narendra Modi, in New Delhi during his first visit to India since assuming office. Kishida said the investment plan will bring huge benefits for several industries, from the development of urban infrastructure to green energy.

India says ties with Japan are key to stability in the region. The two nations, along with the United States and Australia, are members of the Indo-Pacific alliance known as "the Quad".

The bilateral trade between India and Japan for 2019-20 crossed $11.87 billion. India's exports from Japan amounted to $3.94 billion while India's imports from Japan stood at $7.93 billion.