New Delhi, Tokyo sign 15 pacts
and to working with partners to tackle excess capacity in steel.
In this regard, they called for the removal of marketdistorting subsidies and other types of support by governments and related entities.
"They also reaffirmed their commitment to developing concrete policy solutions at the Global Forum on Steel Excess Capacity by November 2017," the statement said.
They welcomed the progress made in the bilateral IT and IOT cooperation through the bilateral Joint Working Group on IT and Electronics, in particular by the signing of the Memorandum of Understanding (MOU) between the NASSCOM and IOT Acceleration Consortium (ITAC) of Japan.
The two leaders also welcomed the opening of the first lithium-ion battery factory in India by a joint venture of three Japanese companies Suzuki, Toshiba and Denso as well as a new automotive factory this year. It was also decided to further promote public and private sector collaboration to make environmentally friendly and energy efficient technologies accessible and affordable to the general public.
They underlined the importance of support measures to promote eco-friendly vehicles including in terms of 'Make in India' and transfer of technology.
Modi updated Abe about his government's efforts for the country's economic and social development.
Prime Minister Abe reiterated Japan's strong support for the initiatives such as 'Make in India', 'Digital India', and 'Skill India'. GANDHINAGAR: India and Japan on Thursday signed 15 agreements, including one to give a fillip to India's Act East policy by enhancing connectivity and developmental projects in India's northeast.
An agreement was signed between the Union Home Ministry and the Japanese government for cooperation and collaboration in the field of disaster risk management and to share experiences, knowledge and policies on disaster prevention. In the field of skills development, an agreement was signed to strengthen bilateral relations and cooperation in the field of Japanese language education in India.
An agreement was signed for an India Japan Act East Forum to enhance connectivity and promote developmental projects in the northeastern region of India in an efficient and effective manner. Another agreement was signed between the Department of Industrial Policy and Promotion and Japan's Ministry of Economy, Trade and Industry to accelerate and facilitate Japanese investments in India. India Post and Japan Post inked an agreement to implement the commercial arrangement of "Cool EMS" service through which fresh food can be sent from Japan to India in cool boxes for Japanese expatriates in India.
An agreement was signed on cooperation in infrastructure development programmes in the Mandal Bechraj-khoraj region of Gujarat.
To promote institutional cooperation between India's Research and Information System (RIS) think tank and Japan's Institute of Developing Economies (IDE-JETRO) and a memorandum of understanding (MOU) was signed to strengthen the capacity of research and effectiveness of dissemination of research findings.
Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe sign agreement documents during the India-japan Annual Summit in Gandhinagar, Gujarat, on Thursday