Japan's Kishida seeks easier investment rules

PM Narendra Modi and his Japanese counterpart Fumio Kishida on Saturday held wide-ranging discussions on investment climate in India, status of Mumbai-Ahmedabad bullet train and India-Japan-Bangladesh trilateral as part of their bilateral Indo-Pacific partnership.

Modi and Kishida met here after the Session 1 of the Day 1 of G20 Summit in what was their third meeting so far this year.

"Held productive talks with PM @kishida230. We took stock of India-Japan bilateral ties and the ground covered during India's G20 Presidency and the Japan's G7 Presidency. We are eager to enhance cooperation in connectivity, commerce and other sectors," Modi posted on X.


Sources said the Japanese PM raised the issue of regulatory framework for Japanese investments in India and urged Modi to look into the issue.

Japan is among the biggest investor in India and is committed to increase its FDI into the country in the backdrop of the strong partnership.

The two leaders reviewed status of bullet train project and emphasised on free and open Indo-Pacific region.

In this context, the two countries decided to widen their partnership including through the trilateral involving Bangladesh for Bay of Bengal. Japan is constructing deep sea port in Bangladesh that would link NE India with SE Asia via Bay of Bengal.