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Japan PM has private dinner with Manmohan Singh | Visiting Japan Prime Minister Yukio Hatoyama met his Indian counterpart Dr. Manmohan Singh at a private dinner here on Monday. Both countries later signed two pacts,
including one on collaboration in developing eco-cities. After the signing of
the two pacts, Commerce and Industry Minister Anand Sharma said the
Delhi-Mumbai
Industrial Corridor (DMIC) project has been conceptualised as a global investment
and manufacturing destination with emphasis on expanding the manufacturing and
services base. Sharma also said the project will involve a huge investment and
initial projection points at a whopping Rs 3,60,000 crore. The DMIC Development
Corporation entered into a pact with the Japan External Trade Organisation for
collaborating with the environment-related projects. Earlier, Japanese Prime Minister
met more than 20 of India 's top industry leaders in Mumbai and discussed a host
of issues, primarily bilateral trade relations between India and Japan . Japan
and India , Asia's largest and third largest economies, have been working at
improving
ties since Japan slapped sanctions on India in response to its 1998 nuclear tests.
Hatoyama launched his visit by meeting Indian industrialists, including Tata Group
chairman Ratan Tata and Reliance Industries head Mukesh Ambani. India wants
details
of Hatoyama's foreign policy, particularly Tokyo 's attempts to pursue a foreign
policy more independent of Washington and improve ties with China . New Delhi
will also want to know more about India 's place in Hatoyama's proposed East Asian
community with a single currency, inspired by the 27-nation European Union. Japan
is India 's sixth largest investor. Bilateral trade, more than 12 billion dollars
in 2008-09, is targetted to climb to 20 billion dollars by next year. Hatoyama's
talks with India could also focus on climate change policies -- with the two countries
on opposite sides of the debate, particularly on expanding the scope of Japanese
support for renewable energy projects in India. |
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