India and Japan on Thursday clinched a slew of bilateral deals, including an Open Sky policy that allows the airlines in the two countries to operate unlimited flights to their selected cities, but some of the planned defence agreements could not be finalised before Prime Minister Shinzo Abe’s departure.
Abe and Prime Minister Narendra Modi, however, noted “recent progress in bilateral cooperation on defence equipment and technology, including the commencement of the technical discussion for the future research collaboration in the area of Unmanned Ground Vehicles and Robotics.” Japan’s readiness to provide its state-of-the-art US-2 amphibian aircraft symbolised the high degree of trust between the two countries, the ministry of external affairs said, adding that the two governments would continue their discussions in this regard.
As reported by FE earlier, Japan’s leading shipbuilders Mitsubishi and Kawasaki have received Requests for Information (RfI) for the Indian project 75(I), where the Japanese firms with a local partner will build six submarines under the ‘Make in India’ initiative.
The two sides have also discussed under the India-Japan Business Leaders Forum to develop four “Japanese industrial townships,” one each in Gujarat, Rajasthan, Andhra Pradesh and Tamil Nadu.
Further, under India Japan Act East Forum, an MOU was signed to enhance connectivity and promote developmental projects in the North Eastern region of India in an efficient and effective manner. The department of industrial policy and promotion and Japan’s ministry of economy, trade and industry will lay a road map to accelerate Japanese investments in India. FDI inflows from Japan to India touched an all-time high of $4.7 billion in 2016-17 and Japan is also a major provider of soft loans to India’s key infrastructure projects.