Finance
1. India – Japan Joint Vision for the Next Decade
• A 10-year strategic prioritization for economic and functional cooperation in eight lines of effort in economic partnership, economic security, mobility, ecological sustainability, technology and innovation, health, people to people and state-prefecture engagements
2. Joint Declaration on Security Cooperation
• A comprehensive framework to evolve our defense and security cooperation to respond to contemporary security challenges in line with our Special Strategic and Global Partnership
3. Action Plan for India – Japan Human Resource Exchange
• An action plan to promote two-way exchange of 500,000 people between India and Japan, particularly 50,000 skilled and semi-skilled personnel from India to Japan in the next five years
4. Memorandum of Cooperation on Joint Crediting Mechanism
• An instrument to facilitate the diffusion of decarbonizing technologies, products, systems, and infrastructure thereby contributing to India’s greenhouse gas emission reduction goals, promote Japanese investment in India and India’s sustainable development.
5. MoU on India – Japan Digital Partnership 2.0
• A document to advance bilateral collaboration in digital public infrastructure, development of digital talent and joint R&D in futuristic technological fields such as AI, IoT, semiconductors
6. Memorandum of Cooperation in the Field of Mineral Resources
• An instrument to advance cooperation in supply chain resilience for critical minerals including through the development of processing technologies, joint investments for exploration and mining and efforts for stockpiling critical minerals.
7. Implementing Arrangement between the Indian Space Research Organization and Japan Aerospace Exploration Agency concerning Joint Lunar Polar Exploration Mission
• A document that defines terms and conditions for cooperation between India and Japan on the Chandrayaan 5 mission, thus giving practical shape to a landmark collaboration
8. Joint Declaration of Intent on Clean Hydrogen and Ammonia
• A document to promote research, investment and implementation of projects on hydrogen/ammonia and deepen collaboration on cutting-edge research and innovation for developing technologies
9. Memorandum of Cooperation on Cultural Exchange
• An instrument to promote cooperation in the field of art and culture through exhibitions, museum collaborations and exchange of best practices in the field of cultural preservation
10. MoU on Decentralized Domestic Waste Water Management
• A document to promote cooperation in effective reuse of wastewater and decentralized wastewater management which is crucial for public health, environmental protection and sustainable development
11. Memorandum of Cooperation in the field of Environment Cooperation
• An enabling framework for collaboration in areas pertaining to environmental preservation such as pollution control, climate change, waste management, sustainable use of biodiversity and environmental technologies
12. MoU between Sushma Swaraj Institute of Foreign Service and Ministry of Foreign Affairs, Japan
• A framework to promote exchanges between diplomats, academics, officials, experts and researchers to advance mutual understanding in the field of foreign policy
13. Joint Statement of Intent between the Ministry of Science and Technology and Ministry of Education, Culture, Sports, Science and Technology (MEXT), Japan
• A declaration to advance cooperation in the field of science and technology through the exchange of scientists and researchers, strengthen institutional cooperation between research and scientific institutions of both countries with the involvement of start-ups and industries
Other notable outcomes
1. Private investment target of JPY 10 trillion from Japan to India for the next decade
2. India and Japan launched the Economic Security Initiative to promote supply chain resilience in strategic sectors such as semiconductors, clean energy, telecom, pharmaceuticals, critical minerals as well as new and emerging technologies
• They also issued an Economic Security Fact Sheet as an illustrative list of actual cooperation in these fields.
3. Launch of the India – Japan AI Initiative
• To advance collaboration in Large Language Models, training, capacity building and support for businesses and start-ups to foster a trustworthy AI ecosystem
4. Launch of the Next-General Mobility Partnership
• To foster G2G and B2B partnerships in the infrastructure, logistics and mobility sectors particularly railways, aviation, roads, shipping and ports, with a focus on Make-in-India of mobility products and solutions.
5. Launch of the India – Japan Small and Medium Enterprises Forum to strengthen collaboration between Indian and Japanese SMEs, which are the engines of our respective economies
6. Launch of the Sustainable Fuel Initiative to promote energy security, farmer livelihoods and advance R&D in technologies related to sustainable fuels such as biogas and biofuels
7. High-level exchanges between states and prefectures, including three visits in each direction to be organized by the Foreign Offices
8. Establishment of business forums between India and the two regions of Kansai and Kyushu to strengthen business, people to people and cultural linkages.
Source: PIB
