Japan vows to invest $35 billion over 5 years

India and Japan on Monday vowed to upgrade their ties to a special strategic and global partnership covering a range of defence and economic issues. While Japanese premier Shinzo Abe promised to pump in $35 billion over next five years and speed up talks on a civil nuclear deal, India rolled out the proverbial red carpet for Japanese investment, with PM Narendra Modi announcing setting up of a special management team, including two Japanese nominees, under the PMO to facilitate business proposals.