Takaichi, Modi Set to Expand Japan-India Ties on Chips and Minerals
The leaders agreed to expand cooperation on semiconductors, critical minerals and defense, while targeting 10 trillion yen in Japanese investment over the next decade.
- On Thursday, Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi met in New Delhi for the 16th India-Japan Annual Summit, setting a target to mobilize 10 trillion yen in Japanese investment into India over the next decade.
- Modi highlighted that around 120 new business agreements signed over the past year are expected to bring more than $10 billion in Japanese investment into India, demonstrating the partnership's growing momentum.
- Under the Govardhan Pahal, the India-Japan Biogas Initiative was launched to establish 1,000 biogas and organic fertilizer plants across India, promoting sustainability and rural livelihoods.
- Modi and Takaichi committed to strengthen AI cooperation, building an ecosystem 'to enhance the resilience and competitiveness of both countries in the field of AI.'
- Both nations prepared a joint roadmap for economic security and energy resilience, aligning India's MAHASAGAR and Japan's 'Free and Open Indo-Pacific ' to foster regional growth.
77 Articles
77 Articles
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