INDIA-JAPAN RELATIONS BY: AKASH AGRAWAL 092 0s 7
INDIA-JAPAN Prime Minister Modi visited Japan at the invitation of Prime Minister of Japan Abe. The two Prime Ministers held wide-ranging consultations Background India and Japan, motivated primarily by shared concerns about China, have been developing a closer defence partnership defined by regular maritime exercises and high- level political consultations Amid growing competition between the United States and China in Asia, the often-overlooked relationshipbetween two secondary powers - India and Japan - has quietly developed into a close security partnership over the past 16 years. Complementarities between the two countries Japan's ageing population 23% above 65 years 25 years), and India's youthful dynamism (over 50% below .
India's rich natural and human resources and Japan's advanced technology; India's prowess in services and Japan's excellence in manufacturing; Japan's surplus capital for investments and India's large and growing markets and the middle class The signing of the historic India-Japan Comprehensive Economic Partnership Agreement (CEPA) and its implementation from August 2011 is expected to further accelerate growth of trade, economic and commercial relations between the two countries. Japan has been extending bilateral loan and grant assistance to India since 1958. Japan is the largest bilateral donor to India. Japanese ODA supports India's efforts for accelerated economic development particularly in priority areas like power, transportation, environmental projects and projects related to basic human needs
EXAMPLES New Delhi metro network. . The Western Dedicated Freight Corridor (DFC) the Delhi-Mumbai Industrial Corridor with eight new industrial townships, the Chennai-Bengaluru Industrial Corridor (CBIC) India's primary exports to Japan have been petroleum products, chemicals, elements, compounds, non-metallic mineral ware, fish & fish preparations, metalliferous ores & scrap, clothing & accessories, iron & steel products, textile yarn, fabrics and machinery etc. Japanese FDI into India grew exponentially from USS 139 million in 2004 to all time high of USS 5551 million in 2008. Currently FDI from Japan to India was US$ 1.7 billion during January-December 2014. Japanese FDI has mainly been in automobile, electrical equipment, telecommunications, chemical and pharmaceutical sectors.
OUTCOMES OF THE VISIT Synergising the partnership: Both countries undertook a comprehensive review of the Special Strategic and Global Partnership as outlined in the "India and Japan Vision 2025" and acknowledged the significant progress in bilateral relations over the past two years Building stronger partnership for stable and safe world . Emphasis on rising importance of Indo-Pacific region-stressed the core values of democracy, peace, the rule of law, tolerance, and respect for the environment in realizing pluralistic and inclusive growth of the region. Consolidation of security and defence cooperation-two Defence Framework Agreements concerning the Transfer of Defence Equipment and Technology and concerning Security Measures for the Protection of Classified Military Information . g bilateral security and defence dialogues, through the "2+2" Dialogue, Defence Policy Dialogue, Military-to-Military Talks and Coast Guard-to-Coast Guard co- operation.
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