India signs Japan bullet train deal

The two sides have recognised the importance of close collaboration in the energy sector through measures such as use of environmentally friendly coal-fired power generation technology, and Clean Coal Technology.

“That a country explicitly created a fund labelled Japan-India Make-in India Fund has its own symbolism”.

The discussion covered bringing to justice the perpetrators of 26/11 Mumbai terror attacks, checking cross border movement of terrorists and eliminating their safe havens.

Japan is also participating in Modi’s pet project “Make-in-India”, which aims to transform India into a manufacturing hub.

India and Japan on Saturday signed a $15 billion high-speed rail agreement and a raft of other accords to strengthen ties, as countries across Asia seek to counterbalance China’s growing assertiveness in the region.

“We stand strongly for ensuring freedom of navigation and overflight, and unimpeded maritime commerce”, he said.

He held discussions with the President of India, Prime Minister and External Affairs Minister of India.

“No friend will matter more in realizing India’s economic dreams than Japan”, said Modi, leader of the right-wing nationalist Bharatiya Janata Party. The Foreign Ministry of Japan is also reportedly working on a plan to extend the validity of multiple-entry visas for Indians for trade and business to 10 years instead of the current five.

“The two prime ministers reiterated their unwavering commitment to realise a peaceful, open, equitable, stable and rule-based order in the Indo-Pacific region…”

China was pushing hard for the Mumbai-Ahmedabad project after signing an agreement with Modi in May to cooperate on railways.

An agreement was signed to amend the Double Taxation Avoidance Agreement (DTAA) that was signed in 1989.

Japan and India vowed to deepen their economic and security relations in an agreement that commits the countries to bilateral nuclear cooperation and the construction of a high-speed railway system during summit talks Saturday, according to a joint statement. The agreement provides India not just over 80 per cent of the total project cost, but also technical assistance to build domestic capacity to manufacture coaches and tracks before making them operational. Abe had to overcome political resistance in Japan to a nuclear pact with India, particularly after the disaster at the Fukushima Nuclear Power Plant in 2011.

Japan is also eyeing an over Rs 60,000 crore project initiated by India to build six more conventional submarines.

The deal according to the protestors is controversial as India, a nuclear-weapon nation which conducted its first nuclear test in 1974, has not joined the Nuclear Non-Proliferation Treaty. At present Nuclear energy is the 4 biggest source of energy in India after thermal, renewable and Hydel energy. In 2015 Japan participated in the exercise, and has shown interest in becoming a permanent partner in the exercise.

“A memorandum of understanding (MoU) was signed”.