Today: 24 June 2025
21 March 2023
2 mins read

 Kishida announces over $75 bn assistance for Indo-Pacific 

“In September this year, I will again get the opportunity to welcome PM Fumio Kishida to India for the G20 Leaders’ Summit,” Modi said…reports Asian Lite News

Japanese Prime Minister Fumio Kishida on Monday announced over USD 75 billion worth of infrastructure and security assistance for the Indo-Pacific during his visit to India.

The new development assistance, to be supplied by 2030 in conjunction with the private sector, came as Kishida outlined his own vision for a “free and open Indo-Pacific.” He credited his late predecessor Shinzo Abe with pushing the concept back in 2016.

Since then, Kishida said, the international community has seen major events that could be described as paradigm shifts, including the COVID pandemic and Russia’s invasion of Ukraine. This obliges “us to face the most fundamental challenge — defending peace,” the Japanese leader said.

Kishida’s two-day visit to India comes against a backdrop of not only war in Europe but also concerns about growing Chinese influence across the Indo-Pacific region. This has included major infrastructure investment under Beijing’s Belt and Road Initiative, fueling development but also raising concerns about unsustainable debt in Global South nations such as Sri Lanka, according to Nikkei Asia.

The Japanese Prime Minister has called for advancing “quality infrastructure investment,” in line with the goals of the Group of 20, chaired by India this year. The PM has as part of the proposed aid, also offered free security assistance to the armed forces of like-minded nations.

But he also warned against unchecked “division and confrontation.”

“In the international community, a big balance of power change is occurring,” he said in his speech, which was delivered in Japanese. The idea of a free and open Indo-Pacific, he stressed, is rooted in the rule of law as well as respect for diversity, inclusiveness and openness. “In other words, we do not exclude anyone, we do not create camps.”

Kishida added, “I believe we should aim for a world where diverse nations coexist and prosper together under the rule of law without falling into the geopolitical competition.” Saying his vision required the cooperation of multiple stakeholders, he said, “Of course, India is indispensable.”

PM Modi, his Japan counterpart Kishida on Monday exchanged views on defence equipment and technology cooperation, trade, health, digital partnership and also had a fruitful discussion on importance of reliable supply chains in semiconductor and other critical technologies.

The two leaders had “excellent talks” during Kishida’s visit to New Delhi with PM Modi stating that strengthening bilateral partnership is not only important for both our countries, it also promotes peace, prosperity and stability in the Indo-Pacific region. (ANI)

ALSO READ-PM Modi holds talks Kishida

Previous Story

Putin, Xi discuss China’s plan to settle ongoing Ukraine crisis

Next Story

India, GCC agree for early finalisation of FTA

Latest from -Top News

Qatar Summons Iran Envoy Over Base Strike

Qatar’s Ministry of Foreign Affairs affirmed to Iranian Ambassador Ali Saleh Abadi that it reserves the right to respond to this flagrant violation in accordance with international law. Qatar on Tuesday summoned

No Ceasefire Deal, Says Tehran

Iran’s Foreign Minister Abbas Araghchi says no “agreement” on ceasefire between Israel and Iran…reports Asian Lite News Uncertainty and scepticism mounted on Monday after a surprise ceasefire announcement by the United States,

Qatar: Retaliation on the Table

Majed Al Ansari added that the State of Qatar strongly condemns the attack that targeted Al-Udeid Air Base by the Iranian Revolutionary Guard….reports Asian Lite News Qatar on Monday announced that it

Trump Claims Iran-Israel Truce

The announcement followed a symbolic show of Iran, which shot missiles at a US base in Qatar after having given the US notice of the strike, according to Trump….reports Asian Lite News

Oman Breaks Gulf Taboo on Income Tax

There is no other country in the 6-member Gulf Cooperation Council that imposes income tax….reports Asian Lite News Oman has officially become the first Gulf country to introduce a personal income tax,
Go toTop

Don't Miss

PM Modi Lauds Judiciary, Calls Ram Temple Solution, Not Dispute

PM Modi also praised the Indian judiciary, saying that they

Over 75 world leaders congratulate Modi

Leaders from diverse regions including Asia, Europe, Africa, West Asia,