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Wednesday , 25 April 2018
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India-Japan sign 15 key agreements; significant boost for India’s economy

In a development that would significantly boost India’s economy, India and Japan have signed 15 important agreements during Japanese Prime Minister Shinzo Abe’s visit to India. The agreements have been signed to increase investments and cooperation in various sectors such as trade, civil aviation and science and technology. During the meeting, Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe also talked about various topics such as bilateral ties and regional and international issues. Both countries expressed their concern for the threat of terrorism and said that they would have a policy of zero tolerance for terrorism. India and Japan said that they would work together to tackle terrorist organizations such as al-Qaida, Lashkar-e-Toiba and the Jaish-e-Mohammed.

Japan has agreed to align its Free and Open Indo-Pacific Strategy with India’s Act East Policy. This would help enhance maritime security cooperation, improve relations with ASEAN, and improve engagement in the larger Indo-Pacific region. Japan will also work to enhance defense and security cooperation with India. Japan has committed to the India-Japan Investment Promotion Partnership, under which, several infrastructure projects would be expedited including the Mumbai Ahmedabad High Speed Railway (MAHSR). This is most commonly known as the bullet train project among the general public. Both countries will also work towards enhancing strengthening cultural ties between the two countries. Abe also appreciated the various initiatives launched by the government such as “Make in India”, “Digital India”, “Skill India”, “Smart City”, “Clean India,” and “Start-Up India”.

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