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India needs Japan in high speed growth: Modi with Shinzo Abe

by IBNS 12 Dec 2015, 06:29 am

#India needs Japan in high speed growth: Modi with Shinzo Abe

New Delhi, Dec 12 (IBNS): Prime Minister Narendra Modi who along with his Japanese counterpart Shinzo Abe attended the Business Leaders Forum here on Saturday said India just not want high speed train, but also high speed growth.

"Not just high speed train, India wants high speed growth," said PM Modi who received Abe for the Forum.

"India is a land of possibilities with excellent human resources and a technological base and Japan has been there at every turning point," said Modi.

"Today there is a Make in India movement in Japan with a $12 billion fund," said Modi.

Abe arrived in India on Friday and ahead of attending the Forum had tweeted: Looking forward to tomorrow’s summit meeting with @narendramodi. Together, let’s open a new age for the Japan-India relationship."
 

Modi emphasized that he wanted India and Japan to move ahead together, not just in the sphere of high-speed trains, but also for "high-speed growth." 
 
The Prime Minister recalled his visit to Japan last year, and the commitment of 35 billion dollars of investment made by Japan. He said that the figure had surprised many at that time, but today, within a short time-span, "unimaginable progress" had been made, and the contours of this investment were beginning to get visible on the ground. 
 
 Modi said that "Make in India" is proceeding in mission mode, not just in India, but also in Japan. He said the "Japan Plus" initiative that was begun last year as a policy experiment, is also doing well. 
 
The Prime Minister mentioned recent economic indicators in both India and Japan, and said these were extremely encouraging, especially in the light of the global economic slowdown.
 
Modi recalled that Japan had been a part of many key economic turning points in India, and gave the examples of the Maruti car, and the DFC (Dedicated Freight Corridor). 
 

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