India, Japan agree to further business ties

Context

On the sidelines of India-Japan Forum summit, both nations said that they are very keen to work hand-in-hand and asserted to expand cooperation in the region.

Key-highlights of the 15th India-Japan Foreign Ministers' Strategic Dialogue

Key areas of focus: Global issues, including terrorism and nuclear proliferation.

Important Bilateral Exercises between India and Japan

Veer Guardian
Dharma Guardian
Maritime Exercises

Japan-India Maritime Exercise (JIMEX)
Malabar Exercise (India – US-Japan - Australia)
Maritime Partnership Exercise (MPX)

The meeting provided an opportunity to review the progress made in the India-Japan Special Strategic and Global Partnership.
Both sides emphasized the importance of achieving the target of JPY 5 trillion Japanese investment in India in the period 2022-27.
Cooperation: They explored potential areas of collaboration in critical and emerging technologies, including semiconductors; resilient supply chains; and digital public infrastructure, among others.
Defence: Both sides also expressed satisfaction with the strengthening of defence and security cooperation, including regular exercises and staff talks between all three services.
Japan and India will also promote Japanese language education, student changes and specified skilled webcast system in India.

Mutual Significance
Japan for India	India for Japan
Japan is a natural partnership in this modernising India. Japan has truly unleashed the revolution in India. Major revolutions brought by Japan o The Suzuki revolution o The metro revolution. o The high-speed rail in making. o The fourth revolution is in critical and emerging technologies and semiconductors	India is an indispensable partner to ensure a free and open Indo-Pacific. Japan has designated the year 2023 as the “Japan India tourism exchange” year. India is an integral part for us in terms of the United Nations Security Council.