Japan set the investment target of 10 trillion yen in India over a decade as India - Japan announced Joint Vision for the Next Decade with a roadmap to bolster cooperation in the 15th India-Japan Annual Summit.
Key outcomes of Summit
- India-Japan Joint Vision for the Next Decade: A 10-year strategic framework across eight areas: economic partnership, economic security, mobility, technology and innovation etc.
- Joint declaration on security Cooperation: Comprehensive framework to enhance defense and security cooperation. (Launched Economic Security Initiative).
- Action Plan for India-Japan Human Resource Exchange: It promotes two-way exchange of 500,000 people, including 50,000 skilled and semi-skilled Indians over five years. ( Next-General Mobility Partnership).
- Cooperation on Joint Crediting Mechanism: Promote Japanese investment in India and India’s sustainable development.
- India - Japan Digital Partnership 2.0: Collaboration and joint R&D in futuristic technological fields such as AI, etc. (Launched India - Japan AI Initiative)
- Others: MoUs in the field of Mineral Resources, Joint Lunar Polar Exploration Mission, Clean Hydrogen and Ammonia(Sustainable Fuel Initiative), Cooperation on Cultural Exchange, Domestic Waste Water Management, etc.
Significance of Japan-India relations
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