Bilateral Security And Defence Cooperation: India-Japan
India and Japan agreed to further enhance Bilateral Security and Defence Cooperation, including in defence manufacturing.
Highlights of the Meeting:
- 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 the ‘Gati Shakti’ initiative and urged Japan to support greater investments by Japanese companies in India.
- Such investments would help in creating resilient supply chains and would be mutually beneficial.
- India appreciated that Japanese companies are increasing their investments in India and that 24 Japanese companies had successfully applied under the various Production Linked Incentive schemes.
- Both Countries noted the progress in implementation of Mumbai-Ahmedabad High Speed Rail project and welcomed the signing of exchange of notes of the 3rd tranche of loan for this project.
- Agreed to encourage greater collaboration between private sectors of both sides in the development of next generation communication technologies.
- Also agreed to deepen cooperation in the area of Clean Energy including green hydrogen.
- Took note of the progress in implementation of the Specified Skilled Workers (SSW) programme and agreed to further scale up this programme, boosting people to people linkages.
- Concurred that the India-Japan Act East Forum was useful in prioritising development of India’s North East Region.