FE@CAMPUS MASTERMIND: Response by Ashish Jain to question for January 27-Feburary 02, 2014

Jan 31 2014, 12:47 IST
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SummaryJapanese PM Shinzo Abe was the chief guest at the Republic Day Parade. Can closer India-Japan ties lead to a win-win partnership?

"A strong India and a strong Japan coming together can do wonders," Abe said after the annual summit meeting. History too justifies the above statement. Throughout history, India-Japan relations have traditionally been strong. For centuries, India and Japan have engaged in cultural exchanges, primarily as a result of Buddhism which spread indirectly from India to Japan, via China. During the Second World War, Subhas Chandra Bose 's Indian National Army and the Japanese Imperial Army fought together in battles against the British forces.

India is a big market for Japanese firms. Japanese firms in fact, some of the first firms to invest in India. Companies like Toyota, Sony, Honda, Suzuki, et.al all have a stronghold in India. Japan has helped and in fact even now provides financial and technical help in plethora of the infrastructure projects in India.

Moreover, India and Japan has been engaged in Joint naval exercise many times in past few years and with the recent visit both has agreed to increase the frequency of the same. Of which one reason might be the bitter territorial row between Japan and China over islands in the East China Sea.

For India too this is a win-win situation, cultivating deeper ties with its regional neighbors (Japan being one of stronger) to offset China's growing might.

Needless to say why strong ties will be a win-win situation in an era where every country in world is cultivating strong relations with each other-be it for legitimate or illegitimate reasons.

Ashish Jain

Department of Financial studies

Delhi University

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