India PM to sign US$15 bil. in Japan investments
November 15, 2012, 12:11 pm TWN
TOKYO -- India's Prime Minister Manmohan Singh is set to sign deals for infrastructure projects worth US$15 billion on a visit to Japan this week, a report said Wednesday.
The trip, which starts Thursday, will see the Indian premier hold talks with his Japanese counterpart Yoshihiko Noda and lunch with Japanese business leaders, said officials at the foreign ministry and industry lobby Keidanren (Japan Business Federation).
A total of 19 infrastructure projects worth 1.2 trillion yen will benefit from the deals, which will involve Japanese manufacturers and trading houses, the Nikkei business daily reported.
The agreements will be signed at summit talks between Singh and Noda on Friday, the paper said.
Japan has been trying to expand diplomatic and economic ties with India in recent years against a backdrop of India's burgeoning economy and growing unease over China's rising clout.