Pledging to enhance bilateral cooperation, Japan on Monday promised $35-billion assistance to India for the next five years towards funding next generation infrastructure projects, smart cities, rejuvenation of the Ganga and introduction of bullet trains.

Japanese funding will also be made available for public-private partnership (PPP) projects in the fields of manufacturing, clean energy, skill development, water security, food processing and agro industry, agricultural cold chain and rural development. This was stated in a joint statement after a summit meeting between Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe here.

“Abe expressed his intention to (extend) ¥3.5 trillion of public and private investment and financing from Japan, including Overseas Development Assistance (ODA), to India in five years...” it added.

Japan also promised to help India build a high-speed railway based on the ‘Shinkansen system’ for the Ahmedabad-Mumbai route, it said. “Prime Minister Abe expressed his readiness to provide financial, technical and operational support to introduce the Shinkansen system, for which Prime Minister Modi expressed his appreciation.

“The two Prime Ministers look forward to the completion of the Joint Feasibility Study on High Speed Railway system on the Ahmedabad-Mumbai route,” the statement said.

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