Japanese Prime Minister visited India for 27 hours, know what he gave
Modi invited to G-7 summit
Officials said that during the talks, Modi told Kishida that one of the areas of very strong cooperation between India and Japan could be co-innovation, co-design and co-manufacture in the defense manufacturing sector. Modi and Kishida resolved to work together to address global challenges under India’s presidency of the G20 and Japan’s presidency of the G7 grouping. Kishida had come to India only for 27 hours. Kishida said he invited Modi to the G-7 summit in Hiroshima in May and the offer was immediately accepted.
Loan installment for Mumbai-Ahmedabad high-speed rail
On the sidelines of the talks, a ‘note’ was exchanged between the two sides regarding the provision of the fourth installment of the Japanese loan of 300 billion yen (about Rs 18,000 crore) for the Mumbai-Ahmedabad high-speed rail. In his media statement, Modi said, “The India-Japan Special Strategic and Global Partnership is based on our shared democratic values and respect for the rule of law in the international arena.” Not only is it important to both our countries, it also promotes peace, prosperity and stability in the Indo-Pacific region. In our conversation today, we reviewed the progress made in our bilateral relations.
Progress on 5 trillion yen investment in India
The Japanese Prime Minister arrived in Delhi this morning on a brief visit amid global geopolitical turmoil over the Ukraine war and growing concerns about China’s military assertiveness in the Indo-Pacific region. Modi said he and Kishida exchanged views on defense equipment and technology cooperation, trade, health and digital partnership. He said there was also a fruitful discussion on the importance of reliable supply chains in semiconductors and other critical technologies. Modi said, “Last year, we had set a target of Japanese investment of five thousand billion yen in India in the next five years, that is Rs 3,20,000 crore. It is a matter of satisfaction that good progress has been made in this direction.
Tokyo’s economic cooperation increased rapidly
Modi said “fast” progress is being made on the Mumbai-Ahmedabad high-speed rail project. Modi said, “Our meeting today is special for another reason as well. This year India is chairing the G20 and Japan is chairing the G7. And therefore, this is the right opportunity to work together on our respective priorities and interests.” He explained to Kishida India’s priorities for India’s G20 chairmanship. In his remarks, Kishida said Tokyo’s economic cooperation with New Delhi is growing rapidly and will not only support India’s further development but also generate significant economic opportunities for Japan.
Cooperation in the wider expansion of the Indo-Pacific
Briefing reporters, Foreign Secretary Vinay Kwatra said Modi and Kishida had substantive discussions in line with the depth of India-Japan ties and the talks covered areas of defense and security, economic partnership, climate and energy, people-to-people exchanges. and cooperation in the areas of skill development. Asked if the issue of challenges being faced by both the countries from the Chinese side figured in the talks, Kwatra indicated that the issue was discussed in the meeting. Kwatra said, “The two leaders talked about the challenges we are facing in the region. Also about how India and Japan and other like-minded countries can work together to address those challenges and cooperate in the broader Indo-Pacific region.
Open doors for investment in defense sector
Kwatra said Prime Minister Modi told Kishida that one of the areas of very strong cooperation between India and Japan could be co-innovation, co-design, co-manufacture. The Foreign Secretary said that Prime Minister Modi made it clear to his Japanese counterpart that when it comes to private investment in defense and foreign direct investment, both the sectors are completely open in India. Kwatra said that Japanese companies are not only invited but also encouraged to tap the opportunities and advantages inherent in the Indian manufacturing ecosystem and that the ‘Make-in-India’ initiative is not only for India but for the rest of the world. is also. He said that the two leaders also discussed important regional issues including the Indo-Pacific.