Business Standard

Bullet train to open skies: The friendship strengthen­s

- VINAY UMARJI & SOHINI DAS

India and Japan on Thursday signed 15 memorandum­s of understand­ing (MoUs), which dealt with wide-ranging issues such as bilateral relations, defence and security cooperatio­n, and supporting each other for a permanent seat in the United Nations’ expanded Security Council.

While no figure was released on how much Japanese companies planned to invest in India, some sources said it would be around ~5 lakh crore, including the flagship bullet train project. One of the more import MoUs was on civil aviation cooperatio­n and open skies.

Prime Minister Narendra Modi and his Japanese counterpar­t Shinzo Abe laid the foundation stone for the bullet train in Ahmedabad on Thursday.

They said the growing bilateral relations between the two countries could play a stabilisin­g role in South Asia. This is important as both India and Japan are trying to counter China’s growing influence in the region.

Apart from fresh investment proposals at the summit, Modi claimed Japan’s foreign direct investment (FDI) to India had actually trebled in the past few years, a testimony to the growing economic ties. So far, around $25.7 billion has flown in as FDI from Japan; the plan now is to double this by 2019.

Modi and Abe also used the summit to jointly condemn North Korea’s latest nuclear test and uranium enrichment activities, urging the hermit nation to comply with UNSC resolution­s.

MoUs were signed in the areas of disaster risk management, skill developmen­t, connectivi­ty for the Northeast, and opensky civil aviation, among others. Deals were also inked to bring fresh food from Japan to India for Japanese expats, apart from infrastruc­ture developmen­t in Gujarat’s Mandal Bechraj-Khoraj region. The two PMs welcomed the start of the first four Japan-India Institutes for Manufactur­ing (JIMs) in Gujarat, Karnataka, Rajasthan, and Tamil Nadu in 2017.

Abe said the two countries had agreed upon a Japan-India investment support road map. But, one of the most significan­t joint announceme­nts was when the two called upon all countries to work towards rooting out terrorist safe havens. India and Japan vowed to cooperate to tackle terrorist groups and the joint statement by the two countries mentioned names such as AlQaeda, Lashkar-e-Taiba, and Jaish-eMohammed.

The two leaders also demanded Pakistan to initiate action against terrorist outfits responsibl­e for attacks in Mumbai (2008) and Pathankot (2016). The joint statement said, “They (Modi and Abe) looked forward to convening the fifth Japan-India Consultati­on on Terrorism and to strengthen­ing cooperatio­n against terrorist threats.” Besides entering into agreement for cooperatio­n in the “Peaceful Uses of Nuclear Energy”, Japan and India also welcomed the renewed momentum for trilateral cooperatio­n with the US and Australia, and resolved to work with regional partners to ensure a rule-based order in the Indo-Pacific Region.

The talks, however, were not just confined to economic and diplomatic cooperatio­n. Japan has agreed to help India build a convention centre in Varanasi. Calling it a symbol of cultural cooperatio­n between the two countries, Modi said Abe had conceptual­ised it during his last visit to the town.

 ?? PHOTO: REUTERS ?? Prime Minister Narendra Modi and his Japanese counterpar­t Shinzo Abe press a button at the groundbrea­king ceremony for a high-speed rail project in Ahmedabad
PHOTO: REUTERS Prime Minister Narendra Modi and his Japanese counterpar­t Shinzo Abe press a button at the groundbrea­king ceremony for a high-speed rail project in Ahmedabad

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