The two leaders also agreed a long-mooted memorandum of understanding on the peaceful use of nuclear energy, which will be signed once technical details are finalised, a spokesman for India’s foreign ministry said on Twitter.
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“Government of China has presented a offer proposition for Mumbai-Ahmedabad highspeed rail undertaking concerning economic assistance to the song of 81% of the project price as mortgage”, Minister of Condition for Railways Manoj Sinha stated in a written reply to a question.
India and Japan have been holding talks for two years on the purchase by India of US-2 amphibious aircraft made by ShinMaywa Industries, which would be one of Japan’s first arms sales since Abe lifted a 50-year ban on weapon exports.
The Indian side, co-chaired by Bharat Forge Chairman and Managing Director Baba Kalyani, also pitched to foster linkages between large Japanese companies and small and medium enterprises (SMEs) in India and enhanced collaborations in the human resource space to promote the development of soft infrastructure.
Japan is apparently looking for additional nonproliferation guarantees before it exports nuclear reactors to New Delhi, which is not a signatory to the Nuclear Nonproliferation Treaty.
The bullet train network will link the India’s financial hub Mumbai with Ahmedabad, the capital of Modi’s home state, Gujarat.
Prime Minister Modi welcomed the conclusion of agreement concerning the transfer of defence equipment and technology, saying that Japan’s help would allow India to become stronger.
Apparently, the Indian side gave assurances to Japan’s strong non-proliferation lobby to expedite the deal, but the Japanese preferred to play safe and sought time necessary for Prime Minister Abe to convince the Japanese parliament on the assurances given by India.
Recalling his last visit to the country, Modi said Japan committed an investment of Dollars 35 billion.
“Today, we have scaled new summits in our shared journey”, he said. Abe described the agreements as a new era of cooperation between the nations.
“For the first time Japan will import cars from India and Maruti will manufacture it”, he said while addressing the India-Japan Business Leaders Forum here.
At a joint media event with Modi, Abe said Japan’s cooperation with India in the nuclear field will be limited to peaceful objectives.
Japan’s deputy chief cabinet secretary, Koichi Hagiuda, insisted to reporters Saturday that cooperation under the pact – the negotiations for which have lasted five years – would come to an end in the case of India carrying out a nuclear test, Kyodo news agency reported.
Some 150 civic group members and others gathered in front of the prime minister’s office in Tokyo, holding banners such as “We can not create peace with nuclear” and protesting, “We oppose the Japan-India nuclear deal”.
“If India does a test and recedes from its commitment, it will be quite natural for Japan to review its cooperation with India”.
Under the defense deals, both the countries announced that they will share equipment, technology and military information, Reuters reported.
The fundamental structure of the this agreement is solid, he asserted.
Bilateral trade between the two countries stood at Dollars 15.51 billion in 2014-15 as against USD 16.29 billion in 2013-14.
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Kawamura asserted that the “in principle’ nuclear agreement could not have been achieved by any other leader from both countries”.
