On 24th May, 2022, India’s Prime Minister held a bilateral meeting with the Prime Minister of Japan. Both leaders had productive exchange of views on enhancing bilateral relations in various spheres as well as on some regional and global issues.
Bilateral Security and Defence Cooperation: The two countries agreed to further enhance bilateral security and defence cooperation, including in the area of defence manufacturing.
Economic Ties: Appreciating the growing economic ties between the two countries, India and Japan agreed that both sides should work jointly towards implementing their decision to have 5 trillion yen in public and private investment and financing from Japan to India in the next five years.
India highlighted the steps taken by it to improve ease of doing business, logistics through Gati Shakti initiative and urged Japan’s Prime Minister to support greater investments by Japanese companies in India. Such investments would help in creating resilient supply chains and would be mutually beneficial.
Mumbai-Ahmedabad High Speed Rail (MAHSR): Both countries noted the progress in implementation of Mumbai-Ahmedabad High Speed Rail (MAHSR) project and welcomed the signing of exchange of notes of the 3rd tranche loan for this project.
Critical and Emerging Technologies: India and Japan also discussed possibilities of collaboration in critical and emerging technologies such as 5G, Beyond 5G and semiconductors.
Clean Energy: The two Prime Ministers also agreed to deepen cooperation in the area of Clean Energy including green hydrogen and, in this regard, encouraged more business to business collaboration.
People-to-People Linkages: Both countries agreed to further boost people-to-people linkages. In this regard, they took note of the progress in implementation of the Specified Skilled Workers (SSW) programme.
India-Japan Act East Forum: The two leaders concurred that the India-Japan Act East Forum was useful in prioritising development of India’s North East Region, and looked forward to early implementation of various projects.
Global and Regional Developments: Both sides exchanged views on recent global and regional developments to the Indo-Pacific and reaffirmed their commitment towards a free, open and inclusive Indo-Pacific region.
