In a televised joint press conference with his Japanese counterpart Shinzo Abe, Indian PM Narendra Modi said no other country has played such a “decisive role” in India’s economic transformation as Japan.
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Japan will also provide $12 billion of soft loans to build India’s first bullet train.
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Modi’s reforms programme came in for high praise with Abe saying, “Prime Minister Modi’s speed of implementing policies and reforms is like Shinkansen (bullet train) and his reform agenda is as safe as Shinkansen“.
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Japan also will become a regular member of the India-U.S. Malabar naval exercises, which will “help create stronger capabilities to deal with maritime challenges in the Indo-Pacific region”, the joint statement said.
The annual India-Japan summit also saw Modi and Abe agreeing to step up security and defence cooperation, and inking two agreements, which would pave the way for transfer of defence equipment and technology between the two nations.
The two prime ministers welcomed the agreement reached between the two governments on the agreement for cooperation in the peaceful uses of nuclear energy, and confirmed that this agreement will be signed after the technical details are finalised, including those related to the necessary internal procedures, a joint statement issued after the talks, said. Modi called the agreement a “shining symbol” of a new level of mutual confidence and strategic partnership in the cause of a peaceful and secure world.
The Indian prime minister said, “I know the significance of this decision for Japan and assure you that India deeply respects this decision and will honor our shared commitment”.
Modi and Abe discussed developments in the South China Sea and urged “all states to avoid unilateral actions that could lead to tensions in the region”.
The long-mooted agreement is expected to allow Japan to export nuclear plant technologies to the subcontinent.
“Today, there is a “Make In India” movement in Japan”.
Japan has in the past shunned civil nuclear cooperation with India, which has not ratified the global Non-Proliferation Treaty, but appears to have softened its stance.
“The frequent meetings between our leaders, and the fact that Prime Minister Shinzo Abe and Prime Minister Narendra Modi share a personal rapport have given momentum to the ties, ” says former foreign secretary Shyam Saran.
“So the Japanese and Indian leaderships finally said ‘we are fed up with this, we have to work on stability of the region, in Asia at large, ‘” Kondapalli added.
The two countries’ growing closeness is also seen to be driven by common concerns over the rise of China, particularly with Beijing flexing its muscles in territorial disputes in the East China Sea and South China Sea. Modi said India will extend to the Japanese people visa on arrival from March 1 next year.
Abe said Japan’s public and private sectors will act in unison with a view to supporting economic growth in India. “Your visit, Mr. Prime Minister, is one”, Modi added.
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Japanese atomic power companies like Toshiba, Hitachi and Mitsubishi have been eying the huge nuclear market opened up for the world by the Nuclear Suppliers Group’s 2008 waiver for India.
