Japan proposed new JWG on Nuclear deal

Apr 30, 2015 12:00 IST

To discuss civil nuclear co-operation with India, Japan on 29 April 2015 proposed a new Joint Working Group (JWG). The aim of the JWG will be to explore avenues to break the impasse that is going on between India and Japan on civil nuclear deal.

The JWG on civil nuclear energy cooperation will be formed between the Ministry of External Affairs and Ministry of Economy, Trade and Industry (METI) of Japan.

The proposal was drawn by Japanese Minister of Economy, Trade and Industry Yoichi Miyazawa during his meet with Prime Minister Narendra Modi in New Delhi.

Besides, the Japanese Minister Miyazawa also announced that Japanese firms have plans to invest 3 billion US dollars in India in the near future. This will support Prime Minister Narendra Modi’s Make in India initiative.

Further, he reiterated that Japan is committed for providing and facilitating long-term funding to support the development of India's manufacturing and infrastructure.

Earlier in 2014 during the visit of PM Modi to Japan, Shinzo Abe, Japan’s Prime Minister, had committed to facilitate financing and investments of up to 3.5 trillion Yen (2 trillion rupees) in the next five years in India.

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