During his two-day visit to India, Japanese Prime Minister Fumio Kishida is set to announce a five-year outlay of 5 trillion yen ($42 billion) in the country.
The Japanese Prime Minister is also expected to sign an energy cooperation agreement aimed at reducing carbon emissions.
This is PM Modi's second in-person conference with Japanese Prime Minister Kishida, who met last year on the sidelines of the Glasgow Climate Summit.
PM Modi is scheduled to visit Japan later this year for the 2nd in-person summit pf the QUAD grouping
The Quad, which consists of India, the United States, Australia, and Japan, has been rapidly evolving in response to China's violent moves in the Indo-Pacific.