India-Japan meet to review Comprehensive Economic Partnership Agreement
On December 10, 2019, a Japanese delegation led by Japanese Minister Mr Hiroshi Kajiyama visited Minister of North Eastern Region Development. The ministers discussed different areas of cooperation that included nuclear power, technology and infrastructure. The Countries also renewed their Comprehensive Economic Partnership Agreement.
The Joint Working Group meeting of India and Japan was also held. During the meeting, the issues related human resources were discussed. In previous JWG meeting the countries discussed on the issues of civil nuclear liability. The next meeting is scheduled to be held in January 2020.
Japanese Investment in the North East
The Japanese Government will invest Rs 13,000 crores in the North Eastern region. The investment will include projects such as Guwahati Water Supply project, North East Road Network Connectivity Improvement Project in Meghalaya, Guwahati Sewage Project in Assam, Bio-Diversity Conservation project in Sikkim, Forest Management Project in Sikkim, Technical Cooperation Project for Sustainable Agriculture and Irrigation in Mizoram, etc.
India calls to enhance Japanese Investments in steel and energy sectors. Steel demand of India is expected to grow exponentially as the country embarks becoming a 5 trillion USD economy by 2024. Also, India has plans to invest 1.4 trillion USD in infrastructure development in next five years.
Category: Economy & Banking Current Affairs