Sunday, February 5, 2023

India-Japan collaboration for economic development of NE

Prime Minister Narendra Modi and Japanese Prime Minister Fumio Kishida welcomed the launch of the India-Japan Initiative for Sustainable Development of the North Eastern region.
Both the leaders appreciated the importance of India-Japan’s continued collaboration through the Act East Forum (AEF) for the sustainable economic development of North Eastern and for enhancing the region’s connectivity with Southeast Asia, said Minister of External Affairs in a joint statement.
The India-Japan initiatives for sustainable development include “Initiative for Strengthening the Bamboo Value Chain in the North East” and cooperation in health care, forest resources management, connectivity and tourism in different states of the North East.
Talking about Japan’s cooperation with India, Foreign Secretary Harsh Vardhan Shringla said: “As part of this cooperation, the two sides have launched a sustainable development initiative for the northeast region of India and this includes cooperation in areas such as connectivity, healthcare, agro-industry and disaster management. It also includes an initiative for strengthening the bamboo value chain in the northeast.”
Modi on Saturday said that Japan will invest Rs 3.2 lakh crores (5 trillion Yen) in the next five
years in India. His remarks came during a press statement following the 14th India-Japan Annual Summit attended by him along with his Japanese counterpart.

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