Japan to offer India USD 42bn in investments during Fumio Kishida's visit: Report
Tokyo, Mar 19: Japanese Prime Minister Fumio Kishida is expected to announce a plan to invest 5 trillion yen (USD 42 billion) in India over the next five years during his visit to the country on Saturday, according to a media report.
The 5 trillion yen goal exceeds the 3.5 trillion yen in investment and financing over the five years that the then Japanese Prime Minister Shinzo Abe announced during his 2014 visit to India, Japan's Nikkei newspaper reported.
Japan is currently supporting India's urban infrastructure development as well as a high-speed railway based on Japan's shinkansen bullet train technology.
Prime Minister Kishida is due to reveal the public-private funding during an economic forum. He is expected to pledge growth in direct investment in terms of value, as well as an increase in Japanese companies expanding into India, the prominent business newspaper said.
Kishida is also poised to agree to an approximately 300 billion yen loan during his meeting with Prime Minister Narendra Modi. An energy cooperation document concerning carbon reduction is expected to be signed between the two sides, it said.
During Saturday's public-private forum, Kishida is also expected to express his support to further infrastructure development in India with the goal of drawing Japanese companies to build factories, the paper said.
India represents the first leg of Kishida's three-day tour. He is scheduled to visit Cambodia on Sunday to meet with Prime Minister Hun Sen.
Japan and India are party to the Quadrilateral Security Dialogue, a security framework known as the Quad that includes the US and Australia. Cambodia serves as this year's chair of the Association of Southeast Asian Nations.
Kishida plans to confirm the strengthening of security arrangements with Russia's invasion of Ukraine in mind.
In 2020, Japan and India signed an acquisition and cross-servicing agreement, which allows for reciprocal provisions of food, fuel and other supplies between the Indian army and Japan's Self-Defense Forces. Kishida and Modi are to reaffirm that they will push that deal forward, the paper said.
Kishida and Modi are expected to agree to convene a two-plus-two meeting between the two countries' diplomatic and defence chiefs at an early date.
This will be Kishida's first overseas trip as prime minister since he traveled to Great Britain in November.
Kishida, 64, is the president of the Liberal Democratic Party since 2021.
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Belagavi youth’s murder case projected as road accident, cracked in Uttara Kannada; Three arrested
Karwar: Uttara Kannada police have cracked a murder case in which a Belagavi youth was killed and his body burnt inside a car to make it appear like a road accident.
Addressing a press meet in the city, Superintendent of Police Deepan M.N. said three accused from Old Hubballi have been arrested in connection with the case. The crime was a pre-planned act driven by personal enmity, he said.
The case came to light on April 8 morning when a car (KA-04/MJ-8996) was found completely burnt in a roadside ditch near Talekumbri bus stand in Yellapur. Only charred human remains were found inside the vehicle. Initially, it was suspected to be an accident caused by overspeeding, and a case was registered at Yellapur police station based on a complaint filed by the deceased’s father, Jagannath Dhapale.
However, the father later expressed suspicion that his son’s death was not accidental, prompting a detailed investigation.
Taking the matter seriously, two special teams were formed under the leadership of Yellapur Inspector Ramesh Hanapur. On analysing technical evidence and CCTV footage, police found that it was a planned murder.
The accused have been identified as Abdul Raheem Basheer Ahmed Mujawar (32), Maulasab Bavahan Wada (36) and Dadapeer alias Aftab Mehboob Saab Balasangi (22), all chicken traders from Old Hubballi.
Police have seized the car used in the crime along with two scooters. The accused have been remanded to judicial custody.
Investigations revealed that the accused killed Nitesh Dhapale due to personal enmity and later set the car on fire along with the body to project it as an accident.
SP Deepan M.N. appreciated the efforts of Inspector Ramesh Hanapur, PSIs Rajashekhar Vandali and Siddappa Gudi, and the entire team for solving the complex case.
