The two leaders also signed a pact that will allow the transfer of defense equipment and technology to India from Japan in a move that reflects Tokyo’s desire to forge closer ties with New Delhi due to China’s muscle-flexing.
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“An engine for economic transformation: High Speed Rail on Mumbai-Ahmedabad sector through Japan’s Shinkansen”, external affairs ministry spokesperson Vikas Swarup tweeted.
A feasibility study for the bullet train project was jointly conducted by the Indian Railways and Japan International Cooperation Agency in July this year.
India, Japan are expected to seal Rs 98,000 crore deal for India’s first bullet train track.
We are engaged in wide ranging collaboration in clean energy and energy efficiency technologies that will also create solutions for the benefit of others in the world. He said this relationship has the greatest potential in the world and he will turn it into reality. “Japanese private investments are also rising sharply”, he added.
This builds on our decision to expand staff talks to all three wings of the Armed Forces and make Japan a partner in Malabar Naval Exercises.
We have made enormous progress in economic cooperation as also in our regional partnership and security cooperation. “His visit will further deepen India-Japan relations”.
“India and Japan will work to strengthen regional economic and security forums and coordinate their actions to tackle global challenges including the reform of the United Nations, climate change as well as terrorism”, it said.
Prime Minister Narendra Modi on Saturday lauded the efforts of Japan’s Official Development Assistance (ODA) in providing the yen loan to India to improve the connectivity of transportation in the country.
Indian Prime Minister Narendra Modi, right, poses with his Japanese counterpart Shinzo Abe for photo … Prime Minister Abe also expressed his nation’s intention to provide ODA loans for the improvement of road network connectivity in northeastern states of India, the peripheral ring road surrounding Bengaluru, and the horticulture irrigation in Jharkhand.
In the course of the past year, we have done much to live up to them.
“India is a land of possibilities with excellent human resources and a technological base and Japan has been there at every turning point”, said Modi.
They called for an immediate commencement and early conclusion of negotiations on a non-discriminatory, multilateral and internationally and effectively verifiable Fissile Material Cut-off Treaty (FMCT) on the basis of Shannon Mandate.
“No friend will matter more in realising India’s economic dreams than Japan”.
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Highlighting the technological prowess of Japan, CII past president Ajay Sriram said there is a lot to learn and there is a high mutual access between both the countries which will be beneficial for investment in India.
