India deal with Japan

PM first visit to any country outside South Asia after becoming the Prime Minister of India
Japan promise to give USD 35 Billion investment to India through public & private funding
over the next five years for developmental projects, including building of smart cities and next
generation infrastructure as also cleaning of the Ganges.
highest from any country.
Both sides signed 5 pacts covering defense exchanges, cooperation in clean energy,
roads & highways, healthcare and women.
India, Japan signed MoU to develop Varanasi into smart city: by using the experience of
Kyoto, the smart city of Japan, under a pact signed b/w India & Japan.
Note: Kyoto, which is a heritage city with Buddhist culture.
Japan lifted the ban on six Indian entities including Hindustan Aeronautics Limited (HAL)
which was imposed in the aftermath of 1998 nuclear tests.
financial, technical and operational support to India for introduction of bullet trains
The two Prime Ministers look forward to the completion of the Joint Feasibility Study on
High Speed Railway system on AhmedabadMumbai route.
6. Japan to work with India in finding sickle cell anemia remedy. Modi met Shinya
Yamanaka, Japan's stem cell pioneer and 2012 Nobel Prize winner for medicine, at Kyoto
University and discussed treatment of the disease.
6. SBI, Japan Bank partner for export credit of $152 mn: The loan is co-financed with the
Bank of Tokyo-Mitsubishi UFJ Ltd (BTMU) amounting to 13.5 billion Japanese Yen ($135
million) and $21 million approximately. The total cofinancing amount came to $152 million
(about Rs. 927 crore),
Note: This credit line will be utilised by Meja Urja Nigam Pvt Ltd (MUNPL) to finance the
procurement of steam turbine generator equipment to construct a supercritical pressure coal-
fired power plant (660MWx2 units) in Meja, Uttar Pradesh.
ii. MUNPL is a joint venture equally invested by NTPC Ltd and UP Rajya Vidyut Utpadan
Nigam Ltd,