‘Japan essential part of India’s growth’: PM Modi, Takaichi announce MoC – What they said in opening remarks
&imwidth=600&imheight=450&format=webp&quality=medium "‘Japan essential part of India’s growth’: PM Modi, Takaichi announce MoC – What they said in opening remarks")
Prime Minister Narendra Modi and Japan’s Prime Minister Sanae Takaichi exchange a handshake ahead of bilateral talks at Hyderabad House, in New Delhi on Thursday. Photograph: (ANI)
PM Narendra Modi hailed India-Japan ties at a joint presser with PM Sanae Takaichi. Both sides signed an MoC covering economic security, energy, AI, critical minerals, pharma and more cooperation.
Indian Prime Minister Narendra Modi on Thursday (Jul 2) hailed ties with Japan during his opening remarks at the joint presser with Japanese Prime Minister Sanae Takaichi. The two leaders signed a Memorandum of Cooperation (MoC), announcing a joint declaration on key issues, including economic security, energy resilience, artificial intelligence, critical minerals, pharma, gen mobility, biogas, and upstream development of oil and gas.
“Excellency and my younger sister, Prime Minister Takaichi, delegates from both nations, and members of the media—Namaskar. It gives me great pleasure to welcome Prime Minister Sanae Takaichi to India on her first visit for the India-Japan Annual Summit,” PM Modi said. “Today, both India and Japan are among the world’s largest economies. A free, prosperous, and rules-based Indo-Pacific is our shared priority. As the region’s largest democratic and market economies, we have undertaken several significant initiatives today. Together, these will pave the way for peace, stability, and progress across the entire region.”
“Over the past few decades, spanning sectors from automotive to electronics, Japan has played a pivotal role in India's growth story, building an invaluable bond of friendship and trust. Today, with Prime Minister Takaichi's visit, we are embarking on a new chapter in our Special Strategic and Global Partnership,” he added.
Announcing the MoC, PM Modi said that they have issued a joint statement in the field of AI. They also signed agreements on pharmaceuticals, medical devices, biotechnology, and global health security.
“By combining India's scale with Japan's quality, we will work towards delivering affordable, reliable, and advanced health solutions to the world,” the prime minister said.
The two leaders have also signed an agreement on the first co-developed project between India and Japan in the defence sector. The project involves the Naval Radio Antenna ‘Unicorn’, which is expected to deepen the defence technology partnership between New Delhi and Tokyo.
“We will now jointly develop defense technologies that strengthen regional peace, maritime security, and the rules-based order,” PM Modi said.
Speaking about the Japanese investment goal in India, he stated, “Our goal is clear: to attract 10 trillion Yen in investment from Japan to India and to double the number of Japanese companies operating in India over the next decade.”
Reaffirming Japan’s commitment, Japanese PM Takaichi said, “You called me a beautiful younger sister, Prime Minister Modi, but at the small meeting before the big meeting, we confirmed that we are on the same page and to develop this relationship as brother and sister. Japan and India must leverage our respective strengths to become stronger and more prosperous together. In the midst of international affairs in disarray, the establishment of such an inter-complementary cooperative relationship has become ever more important.”
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She added, “We confirmed to place the following three points at the centre of our cooperation. First, to deepen the strategic cooperation between Japan and India.” Takaichi said that India and Japan share the vision on the profile of international order that should be established under the current international situation.
“I recently announced the updated FOIP (Free and Open Indo Pacific) which focuses on self-reliance and resilience to realise FOIP. On the other hand, Prime Minister Modi positions the ocean as a shared space that supports regional stability and growth and is promoting the Mahasagar, the Great Ocean Initiative for countries across the Indian Ocean to defend their sovereignty and the sea through their own efforts, which is perfectly aligned with FOIP,” she said. “Thus, we agreed to deepen the strategic cooperation between Japan and India to achieve such common goals. Expansion of maritime security cooperation is especially important for regional peace and stability.”
Takaichi also announced India-Japan joint naval exercises in the Indian Ocean involving a Japanese Maritime Self-Defense Force destroyer and an Indian Navy vessel to promote naval maintenance, repair and overhaul cooperation and strengthen equipment cooperation under the Make in India framework.
