Indian PM Modi arrives for summit with Abe

Indian PM Modi arrives for summit with Abe

Indian PM Modi arrives for summit with Abe

"With a view to enhancing financial and economic cooperation, governments of Japan and India welcomed the agreement to conclude a Bilateral Swap Arrangement (BSA) of Dollars 75 billion", said India-Japan Vision Statement issued after the summit-level meeting between the two leaders.

Japan may also supply the Indian navy with amphibious US-2 aircraft, although the two countries have yet to conclude a deal after five years of negotiations.

This is PM Modi's third visit to Japan as Prime Minister.

And although India is hardly a central player on the issue, Japan's Foreign Ministry released a statement that has become nearly de rigeur whenever Abe meets global leaders, stating that the two agreed to cooperate on North Korean denuclearization.

Abe and Modi will hold a formal summit Monday in Tokyo, during which strengthening bilateral security and economic cooperation are expected to be high on the agenda.

Condemning in the strongest terms the growing threat of terrorism and its universal reach, the two leaders expressed their desire to strengthen cooperation against terrorist threats from groups including Al-Qaida, ISIS, Jaish-e-Mohammad, Lakshar-e-Tayyiba, and their affiliates.

"'Make in India' has emerged as a global brand today".

The two leaders are set to hold a summit meeting at the office of the prime minister in Tokyo on Monday.

China is a strategic and economic rival of India.

"At the delegation level talks, PM @narendramodi & PM @AbeShinzo reviewed developments in bilateral relations & explored new areas of cooperation, focusing on shared vision for peace & prosperity in the Indo-Pacific", tweeted MEA spokesperson Raveesh Kumar.

Japan and India also discussed joint infrastructure projects in the region, including Sri Lanka. "India is going through a massive transformative phase today". He arrived Saturday and was invited to Abe's vacation house near Mount Fuji on Sunday for private talks. On September 6, Foreign Minister Sushma Swaraj and Defence Minister Nirmala Sitharaman held the first edition of the "2+2" dialogue with their United States counterparts Michael Pompeo and James Mattis in New Delhi. "Go to Bhubaneshwar and cheer up the Indian team and also encourage each team there", Modi said. "There are no negatives but only opportunities in this relationship which are waiting to be seized". Half of the amount would be allocated to the railway project in western India using Japan's "bullet train" technology, according to the signed documents.

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