The 13th India-Japan Annual Summit
The Prime Minister of India recently traveled to Japan for the 13th annual India-Japan summit. This enduring summit was initiated in 2006, marking an important milestone in intercontinental relations and cooperation.
Summit Outcomes: Indo-Pacific Contributions
An essential agenda prominently discussed during the summit was the mutual pledge by India and Japan to work conjointly for the upliftment of the Indo-Pacific region as well as global progress. Both nations committed to maintaining peace, stability, and prosperity in the Indo-Pacific region. The shared vision for this area is founded on a rules-based order that guarantees respect for national sovereignty and territorial integrity and ensures freedom of navigation and overflight.
Partnership for Global Prosperity
India and Japan have resolved to collaborate on the progression of connectivity through quality infrastructure within the Indo-Pacific region. This includes contributions towards development in Sri Lanka, Myanmar, Bangladesh, and even Africa.
Development of India’s North-East
The India-Japan Act East Forum was established to detect and carry out projects promoting connectivity, sustainable forestry and ecological management, disaster risk reduction, and cultural exchanges within North-East India.
Infrastructure Projects in India
Japan has dedicated itself to investing in significant infrastructure projects across India. This includes capacity-building initiatives such as the Mumbai-Ahmedabad High-Speed Rail project and various metro rail projects throughout the country.
Skill Development in India
Both nations have signed agreements to foster skill development in India. This will be accomplished by increasing the number of Japan-India Institutes for Manufacturing (JIMS) as well as the Japanese Endowed Courses (JEC) in various Indian states.
Event Year Establishment of India-Japan Association 1903 India-Japan Peace Treaty 1952 Inception of Yen’s Loan Assistance 1958 Initiation of India-Japan Annual Summits 2006 Upgrade to “Special Strategic and Global Partnership” 2014
IT Sector Collaboration: The Comprehensive India-Japan Digital Partnership
India and Japan have propelled a wide-ranging digital collaboration. Their joint intent is to develop Internet of Things (IoT) and Artificial Intelligence (AI) solutions to enhance both nations’ technology initiatives.
Health Care Collaboration
The agreement to align Japan’s Asia Health and Well-being Initiative (AHWIN) with India’s Ayushman Bharat aims to introduce affordable technology, skill development, and best practices in healthcare.
Partnership for Peace
India and Japan have pledge to deepen bilateral security and defense collaboration through the institutionalization of Foreign and Defence Ministerial Dialogue (2+2 Dialogue).
Environment Cooperation
Both countries have signed agreements to fortify cooperation on sustainable and clean energy alternatives. Japan has also ratified the International Solar Alliance (ISA).
Currency Swap Agreement
India and Japan have embarked on a currency swap agreement worth $75 billion that is anticipated to stabilize the rupee’s value against the dollar and reduce capital costs for Indian companies accessing Japanese capital markets.
India-Japan Relations
In tracing the history of India-Japan relations, it’s evident that the connection between these two countries has long been significant. Economic and commercial interests, defense cooperation, and strategic relations have steadily progressed over the years, bolstering the “Special Strategic and Global Partnership” between the two nations. The mutual investments in different sectors demonstrate a strong and deep-rooted relationship that continues to shape the global economy.
