India, Japan agree to further business ties

Context

On the sidelines of India-Japan Forum summit, both nations said that they are very keen to work hand-in-hand and asserted to expand cooperation in the region. Key-highlights of the 15th India-Japan Foreign Ministers’ Strategic Dialogue

• Key areas of focus: Global issues, including terrorism and nuclear proliferation.

Important Bilateral Exercises between India and Japan Veer Guardian Dharma Guardian Maritime Exercises Japan-India Maritime Exercise (JIMEX) Malabar Exercise (India – US-Japan – Australia) Maritime Partnership Exercise (MPX)

• The meeting provided an opportunity to review the progress made in the India-Japan Special Strategic and Global Partnership.
• Both sides emphasized the importance of achieving the target of JPY 5 trillion Japanese investment in India in the period 2022-27.
• Cooperation: They explored potential areas of collaboration in critical and emerging technologies, including semiconductors; resilient supply chains; and digital public infrastructure, among others.
• Defence: Both sides also expressed satisfaction with the strengthening of defence and security cooperation, including regular exercises and staff talks between all three services.

• Japan and India will also promote Japanese language education, student changes and specified skilled webcast system in India.

Mutual Significance
Japan for India	India for Japan
Japan is a natural partnership in this modernising India. Japan has truly unleashed the revolution in India. Major revolutions brought by Japan The Suzuki revolution The metro revolution. The high-speed rail in making. The fourth revolution is in critical and emerging technologies and semiconductors	India is an indispensable partner to ensure a free and open Indo-Pacific. Japan has designated the year 2023 as the “Japan India tourism exchange” year. India is an integral part for us in terms of the United Nations Security Council.