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Japan to offer India $42bn in investments during Kishida's visit

Funding target to exceed amount nation pledged during Abe's 2014 trip

Japanese Prime Minister Kishida is expected to pledge support for Indian infrastructure development during his visit on March 19.   © Reuters

TOKYO -- Japanese Prime Minister Fumio Kishida is set to announce a plan to invest 5 trillion yen ($42 billion) in India over five years when he visits the country on Saturday, Nikkei has learned.

Kishida is due to reveal the public-private funding during an economic forum. He is expected to pledge growth in direct investment in terms of value, as well as an increase in Japanese companies expanding into India.

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