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Japan, India leaders agree to step up defense, economic ties

30 October 2018

Japanese Prime Minister Shinzo Abe and his Indian counterpart, Narendra Modi, agreed Monday to expand arms sales and hold high-level defense talks and joint military exercises.

"Make in India emerged as global brand today.We're manufacturing quality products not only for India but for world.India is becoming a global hub, especially in field of electronics and automobile manufacturing".

"Last year our scientists created record by launching over 100 satellites into space simultaneously".

Abe is also likely to pledge the provision of low-interest loans worth more than 300 billion yen (US$2.68 billion), including ones to help India's 500km high-speed railway project, Japanese government sources said.

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"I have been told that today Japan investors have announced that they will invest 2.5 billion U.S. dollars in India", he said.

India and Japan have signed a $75 billion bilateral currency swap agreement on Monday during Prime Minister Narendra Modi's visit to Tokyo, India said in a statement. "The discussions in these sessions were extremely fruitful and will add strength to our ties", tweeted the PM.

He also met Heita Kawakatsu, the Governor of Shizuoka province, and Yuji Kuroiwa, the Governor of Kanagawa Prefecture, and discussed ways to strengthen cultural and people-to-people ties between India and Japan.

Modi said that the inputs offered at the Business Leaders Forum will propel India to achieve global benchmarking.

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Upon his arrival, Modi was greeted by the Indian diaspora in Japan which welcomed him with great.

Mr Modi said, if people are able to see a United India now, it is entirely on account of the sagacity, sensibility, and strategic skills of Sardar Vallabhbhai Patel. "There are no negatives but only opportunities in this relationship which are waiting to be seized".

"The two leaders' vision for the Indo-Pacific is based on a rules-based order that respects sovereignty and territorial integrity of nations, ensures freedom of navigation and overflight as well as unimpeded lawful commerce, and seeks peaceful resolution of disputes.without resorting to threat or use of force", said the India-Japan Vision Statement issued after the talks in an apparent hint at China's stand over the South China Sea disputes. The Indian PM is one of the 18 persons Abe follows on Twitter.

The two leaders reviewed the progress made on the Mumbai-Ahmedabad High Speed Rail project, which is an important symbol of India-Japan collaboration.

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Japan, India leaders agree to step up defense, economic ties