Key facts
- India and Japan signed multiple pacts to enhance cooperation.
- Key areas of cooperation include artificial intelligence, metals, and energy.
- A joint roadmap for economic security was established.
- Japan plans to invest 10 trillion yen ($68 billion) in India over the next decade.
- Both nations aim to strengthen their "special strategic and global partnership."
India and Japan have signed multiple pacts to bolster cooperation across key sectors including artificial intelligence, metals, and energy. The agreements, announced following talks between Indian Prime Minister Narendra Modi and his Japanese counterpart Shigeru Ishiba, also include a joint roadmap for economic security.
Both leaders affirmed their commitment to a free, open, peaceful, and prosperous Indo-Pacific region. A significant outcome of the summit was the commitment by Japan to invest 10 trillion yen (approximately $68 billion) in India over the next decade. This investment will focus on collaborations between small and medium-sized enterprises and startups in both nations.
The two countries also agreed to deepen their cooperation in defence industry and innovation, aiming to strengthen their "special strategic and global partnership." The roadmap for the next decade prioritizes economic partnership, economic security, mobility, ecological sustainability, technology and innovation, health, and people-to-people exchanges.