India and Japan commit to Indo-Pacific strategy
What has happened?
India is Japan’s “most important” partner in its “Free and Open Indo-Pacific Strategy,” said Japanese Foreign Minister Taro Kono, as both countries agreed to step up cooperation in their “Special Strategic and Global Partnership” during annual consultations and exchanged yen loan agreements for $1.4 billion.
Countries exchange loan agreements worth $1.4 billion
Both the leaders witnessed the exchange of documents for loans from Japan to India for projects including the Mumbai metro line from Cuffe Parade, a sea water desalinisation plant and a intelligent transport system to reduce traffic congestion in Chennai, tree-planting schemes in Himachal Pradesh as well as loans for the North East connectivity project.
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