Indian-Japanese PMs discuss collaboration in critical and emerging technologies such as 5G, Beyond 5G and semiconductors
Prime Ministers Narendra Modi and Fumio Kishi have agreed to work jointly towards implementing their decision to have Yen5 trillion in public and private investment and financing from Japan to India in the next five years.
Modi urged Kishida to support greater investments by Japanese companies in India and appreciated that some of the leading business houses were increasing their investments in the country.
He pointed out that 24 Japanese companies had successfully applied under the various Production Linked Incentive (PLI) schemes in India.
He also highlighting steps taken by the Indian Government to improve ease of doing business, logistics through Gati Shakti initiative among other pro-investments measures.
The two leaders agreed to further enhance bilateral security and defence cooperation, including in the area of defence manufacturing.
They concurred that the next 2+2 Foreign and Defence Ministerial Meeting may be held in Japan at the earliest.
The two leaders noted the progress in implementation of Japan-supported Mumbai-Ahmedabad High Speed Rail (MAHSR) project and welcomed the signing of exchange of notes of the 3rd tranche loan for this project.
The two leaders highlighted the increasing importance of information and communication technologies and in this regard agreed to encourage greater collaboration between private sectors of two sides in development of next generation communication technologies, The Prime Minister’s Office said in a statement on 24 May 2022.
They also discussed possibilities of collaboration in critical and emerging technologies such as 5G, Beyond 5G and semiconductors.
The two Prime Ministers also agreed to deepen cooperation in the area of Clean Energy including green hydrogen and, in this regard, encouraged more business-to-business collaboration.
The two leaders agreed to further boost people-to-people linkages. Prime Minister Kishida noted that such linkages should become the backbone of bilateral relations.
In this regard, they took note of the progress in implementation of the Specified Skilled Workers (SSW) programme and agreed to further scale up this programme.
Prime Minister Modi raised the issue of further easing of travel restrictions in order to facilitate quarantine free entry into Japan for travellers from India carrying Covaxin and Covishield vaccination certificates.
The two leaders concurred that the India-Japan Act East Forum was useful in prioritising development of India’s North East Region, and looked forward to early implementation of various projects which were identified by the two sides during the Annual Summit.
The two leaders exchanged views on recent global and regional developments. They noted the convergences in their respective approaches to the Indo-Pacific and reaffirmed their commitment towards a free, open and inclusive Indo-Pacific region. In this context, they welcomed the progress in the Quad’s contemporary and constructive agenda such as vaccines, scholarships, critical technologies and infrastructure. fiinews.com
