New Delhi Dec 12 (KNN) India and Japan inked a number of pacts in important areas like Defence, Nuclear energy and Railways. In the meeting it was decided that Japan would help to build India’s first bullet train network between Mumbai- Ahmedabad costing of around Rs. 98000 crores.

Prime minister of Japan Shinzo Abe is on three days visit to India met Prime minister Narendra Modi and held delegation level meetings at Hyderabad House in New Delhi.

Addressing a joint press briefing here, Modi said that  the No less historic is the decision to introduce high speed rail on Mumbai-Ahmedabad sector through Shinkansen known for speed, reliability, safety", noting that Abe's extraordinary package of approximately USD 12 billion and technical assistance, on very easy terms, for this project was greatly appreciated.

"The memorandum we signed on civil nuclear energy cooperation is more than just an agreement for commerce and clean energy. It is a shining symbol of a new level of mutual confidence and strategic partnership in the cause of a peaceful and secure world," Prime Minister Modi added.

The both sides agreed to share and transfer of Defence equipment and technology.

The statement said the two Prime Ministers welcomed the agreement reached between the two governments for cooperation in peaceful uses of nuclear energy and confirmed that this agreement will be signed after the technical details are finalised including those relating to necessary internal procedures. (KNN Bureau)