Indian PM’s Japan Visit Yields Major Outcomes

On 29th August 2024, Prime Minister Narendra Modi hailed his two-day official visit to Japan, terming it a “productive engagement” that advanced the India-Japan Special Strategic and Global Partnership across multiple sectors.

Key Points

Joint Vision for the Next Decade: India and Japan adopted a 10-year roadmap to deepen cooperation in eight priority areas including economic partnership, mobility, technology, sustainability, health, and sub-national collaboration.
Security Cooperation: A new Joint Declaration on Security Cooperation was signed to enhance defence ties and address emerging regional and global security challenges.
Human Resource Exchange: An Action Plan was launched to facilitate the movement of 500,000 individuals, including 50,000 skilled Indian workers, to Japan over the next five years.
Agreements Signed:
- Memorandum of Cooperation on the Joint Crediting Mechanism to support India’s climate goals.
- India-Japan Digital Partnership 2.0, focusing on digital public infrastructure, AI, semiconductors, and IoT.
- Implementing arrangement between ISRO and JAXA on the Chandrayaan-5 lunar mission.
New Initiatives: India-Japan AI Initiative, Next-Generation Mobility Partnership, Sustainable Fuel Initiative, and the Economic Security Initiative for resilient supply chains.
Investment Commitment: Japan set a target of JPY 10 trillion private investment in India over the next decade.
Regional Engagement: Both nations agreed to promote state-prefecture collaborations, high-level reciprocal visits, and new regional business forums, especially in Kansai and Kyushu.