The two countries have inked a pact for a cool box service which will ferry food from Japan to India. Japan invested USD 4.7 billion in India in 2016-17 which is 80 per cent higher than last year. Now, through the partnership of the two postal services, the cool box service is going to be started, so that Japanese people in India can order their food straight from Japan.
India and Japan today inked 15 agreements to further broad-base their strategic partnership and agreed to strengthen cooperation in the Indo-Pacific region where China is increasing its assertiveness. Addressing a joint press event with Shinzo Abe, Prime Minister Modi said Indo-Japan ties were not limited to bilateral or regional spheres. The deal allows Japan to export nuclear technology to India, making it the first non-NPT signatory to have such a deal with Tokyo.
Prime Minister Narendra Modi on Thursday said the bullet train project between Ahmedabad and Mumbai is the lifeline of new India. Thanking his Japanese counterpart Shinzo Abe, Modi said Japan is the third largest investor in India. Modi wholeheartedly welcomed the agreements that were signed between India and Japan on Thursday. The PM said may it be the 'Make in India' drive or 'Skill India' or easy business, the country is indeed moving ahead.
That sale also raised $12 billion, earmarked for reconstruction of areas devastated by an earthquake and tsunami in 2011. The company lacks growth potential appeal, said Kazuo Okabe, general manager at Fukoku Capital Management. It bought Australian logistics firm Toll Holdings Ltd for A$6.5 billion ($4.9 billion) but had to write down much of the acquisition. Japan Post cannot expect to realise strong growth on its own, it needs to pursue acquisitions.
Japan's Nikkei share average fell to its lowest in more than four months on Wednesday, slipping below a key technical support as risk appetite was sapped by North Korea tensions and the strengthening yen. The Nikkei was down 0.3 percent to 19,325.87 by the midday break, after getting as low as 19,254.67 - the lowest level since May 1. The fall also took the benchmark index below its 200-day moving average, an important technical support.