During the historic visit, the two countries also decided to enhance cooperation in defence and other strategic areas and signed five pacts covering defence exchanges, cooperation in clean energy, roads and highways, healthcare and women while vowing to take their relationship to newer level.

Japan also lifted ban on six Indian entities including Hindustan Aeronautics Limited (HAL) which had been imposed in the aftermath of 1998 nuclear tests.
During the five-day visit, his first outside the subcontinent since becoming PM in May, Modi invited Japanese investments while hard-selling India as a conducive destination for business particularly for the manufacturing sector.
He told the Japanese businessmen that India was awaiting the investments with a 'red carpet' and not 'red tape' as rules and procedures have been eased by his government.
Winding up his official programme on Tuesday, Modi had expressed gratitude to Japan for reposing "trust" in India and demonstrating its friendship with a quip "yeh fevicol se be zyada mazboot jod hai (this bond is stronger than that of fevicol)".

"This visit has been very successful," Modi had said at the Indian community reception hosted in his honour here earlier.
"There has been talk about billions and millions. But there has never been talk of trillions," he said, referring to 3.5 trillion Yen (USD 35 billion or 2,10,000 crore) promised by Japan to India through public and private funding over the five years for various works, including building of smart cities and cleanup of the Ganga river.
During the talks between Modi and Japanese PM Shinzo Abe, the two sides agreed to enhance their defence and strategic cooperation to a new level and also decided to speed up negotiations on civil nuclear deal that could not be concluded now.
Striking good personal chemistry, the two leaders had "very fruitful" exchanges.
Abe also went out of his way to receive Modi in Kyoto when he went there on August 30 in the first leg of his 5-day tour.
In Kyoto, a pact was signed under which Modi's Lok Sabha constituency Varanasi would be developed on the pattern of Kyoto 'smart city' with the help of Japan.
Abe also announced that as an example of Indo-Japan Cooperation, Tokyo will help India in providing financial, technical and operational support to introduce Bullet trains, a project that Modi has been actively pursuing.
"This is not just raising the relationship from one category to another... Our relationship is not only regional in its framework, but will have a global impact," Modi, who concluded his five-day visit to Japan, said.

India Inc lauds PM Modi's Japan visit

New Delhi: India Inc applauded Prime Minister Narendra Modi's  Japan tour, from where he has announced major initiatives like turning the bilateral strategic partnership into a "special" partnership and a fast-track channel for Japanese investors.

"This visit marks a defining moment in our relationship and will be registered in history as one that significantly elevated the level of engagement between India and Japan," said Sidharth Birla, president, of the Federation of Indian Chambers of Commerce and Industry (FICCI) in a statement here.

"We are particularly enthused about the launch of the Japan-India Investment Promotion Partnership under which the two sides have agreed to double the flow of FDI into India and the number of Japanese companies over the next five years," he added.

Japan promises to give USD 35 billion to India
India-Japan to enhance cooperation in defence
Japan lift ban on six Indian entities
India awaiting investments with a 'red carpet': Modi
Modi had expressed gratitude to Japan for reposing "trust" in India
This visit has been very successful: Modi
Varanasi to be developed on pattern of Kyoto 'smart city'
Japan will help India to introduce Bullet trains

Japan has committed to realise total financial flows of close to 3.5 trillion Yen (Rs.2.02 trillion) into India over the next five years in projects such as smart cities, transport systems and clean energy, FICCI said.

Bilateral trade between India and Japan stood at USD 16.31 billion by end of fiscal 2013-14.  Projecting bilateral trade to touch USD 50 billion by 2019-2020 owing to what it called the "Modi-Abe dynamics", the PHD Chamber of Commerce and Industry said: "We expect that in future Indo-Japan ties would further cement, motivating the latter companies' number going up from 1,000 to over 1,500 in the next five years, and India agreeing to allow these companies to operate on its exclusive economic zones."

Currently, around 1,000 Japanese companies are operating in India in nearly 70 infrastructure projects, among which is the Delhi-Mumbai Industrial Corridor where Japan has so far invested USD 4.5 billion.

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