Security, Eco ties with India: Noda

India and Japan are forging ahead with collaboration on political, security and economic issues, besides regional cooperation, visiting Prime Minister Yoshihiko Noda said on Wednesday.

"I am convinced that we need to strengthen the partnership. India and Japan are stepping up their cooperation in areas like political, security and economic fields and also regional areas," Noda said here at a luncheon meeting with Indian chambers CII, Ficci and Assocham.
The Comprehensive Free Trade Agreement between the two countries that was operationalised in August will further enhance the India-Japan economic relationship, he said.
Noda added that about 420 Japanese companies present in India have created over 1.50 lakh jobs in the country.Japanese government has committed USD 4.5 billion for the Delhi-Mumbai Industrial Corridor (DMIC) project.
The project is aimed at creating world-class industrial infrastructure along the Delhi-Mumbai Rail Freight Corridor, which is under implementation.
India-Japan bilateral trade saw a robust increase of 24 per cent to USD 13.2 billion during January-September period on the back of the mutual free trade agreement.

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