AI, semiconductors & more: India, Japan outline roadmap; key outcomes of PM Modi’s two-day visit

NEW DELHI: New Delhi and Tokyo inked 21 pacts during Prime Minister Narendra Modi's ongoing visit to Tokyo, the ministry of external affairs said on Saturday.

According to MEA spokesperson Randhir Jaiswal, India signed six agreements, seven Memorandum of understanding, and made eight new announcements.


"Productive outcomes during a productive visit. May India-Japan friendship scale newer heights in the times to come!" the prime minister said in a post on X.

Agreements

• pf1India-Japan joint vision for the next decade.
• pf1Joint declaration on security cooperation
• pf1Action plan for India-Japan human resource exchange
• pf1Implementing arrangement between the Indian space research organisation and Japan aerospace exploration agency concerning joint lunar polar exploration mission
• pf1Joint declaration of intent on clean Hydrogen and Ammonia
• pf1Joint statement of intent between ministry of science and technology and ministry of education, culture, sports, science and technology, Japan

MoU/MoCs

• pf1Memorandum of cooperation on joint crediting mechanism
• pf1MoU on India-Japan digital partnership 2.0
• pf1Memorandum of Cooperation in the field of mineral resources
• pf1Memorandum of cooperation on cultural exchange
• pf1MoU on decentralised domestic waste water management
• pf1Memorandum of cooperation in the field of environment cooperation
• pf1MoU between Sushma Swaraj Institute of Foreign Service and ministry of foreign affairs, Japan

Announcement

• pf1Private investment target of JPY 10 trillion from Japan to India for the next decade
• pf1Economic Security Initiative launched to promote supply chain resilience in strategic sectors
• pf1Launch of the India - Japan AI Initiative
• pf1Launch of the Next Generation Mobility Partnership
• pf1Launch of the India - Japan Small and Medium Enterprises Forum
• pf1Launch of the Sustainable Fuel Initiative
• pf1High-level exchanges between states and prefectures, including three visits in each direction to be organized by the Foreign Offices
• pf1Establishment of business forums between India and the two regions of Kansai and Kyushu to strengthen business, people to people and cultural linkages

Meanwhile, PM Modi and Shigeru Ishiba also travelled from Tokyo to Sendai in a bullet train during his two-day visit to Japan.

Earlier on Friday, PM Modi addressed the India-Japan economic forum, where he pitched for a partnership in the areas of manufacturing, technology, innovation, green energy, and skill development. He said that the world is not just watching India but also counting on it.

He echoed Japanese Prime Minister Shigeru Ishiba's remarks at the forum and said, "Japan's excellence and India's scale can create a perfect partnership."

"Be it solar cells or green hydrogen, there are immense possibilities of partnership. An agreement has been signd between India and Japan on Joint Credit Mechanism. Taking advantage of this, cooperation can be done in building a clean and green future," PM Modi said.

PM Modi also met former Japanese PMs Yoshihide Suga and Fumio Kishida in Tokyo.

PM Modi said that with the former Japanese PM Yoshihide, he discussed ways to deepen India-Japan cooperation.

"I had a very good meeting with Mr. Yoshihide Suga, former Prime Minister of Japan and Chairperson of the Japan-India Association. We spoke about the many dimensions of India-Japan cooperation and how we can further deepen it. Our discussions covered how to build closer collaboration, including in technology, AI, trade, investment and beyond," PM Modi said in a post on X.

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