India, Japan ink MoU on peaceful use of n-energy as Modi seeks more support from Japan for economic development….reports Asian Lite News
India on Saturday inked an MoU with Japan on civil nuclear energy and announced that the deal was not just about commerce and clean energy but also a sign of mutual confidence and partnership for a secure world.
The MoU was inked by Indian Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe.
“No friend will matter more in realising India’s economic dreams than Japan. We have made enormous progress in economic cooperation as also in our regional partnership and security cooperation,” said Modi after signing the deal.
Stating that there was deep value for the strategic partnership between Japan and India, Modi said: “Shinzo has been prompt and positive on our economic proposals many of which are now unique to India. Japanese private investments are also rising sharply.”
The two countries also inked two deals on security operations to deepen defence relations and for defence manufacturing.
Abe said: “We have taken relationship to a new level.”
India Wants More
Apart from bullet trains, India needs high-speed growth, said Prime Minister Narendra Modi on Saturday while addressing business leaders of India and Japan here with his Japanese counterpart Shinzo Abe.
The visit of Abe, who arrived here on Friday on a three-day official sojourn, is expected to see progress towards India’s first bullet train.
Prime Minister Modi emphasized that he wanted India and Japan to move ahead together, not just in the sphere of high-speed trains, but also for “high-speed growth”.
Recalling his Japan visit last year, and the commitment of $35-billion investment made by Japan, Modi said the figure had surprised many at that time, but today, within a short time-span, “unimaginable progress” had been made, and the contours of this investment were beginning to get visible on the ground.
The Indian prime minister said “Make in India” was proceeding in mission mode, not just in India, but also in Japan. He said the “Japan Plus” initiative that was begun last year as a policy experiment, was also doing well.
Modi said recent economic indicators in both India and Japan were extremely encouraging, especially in the light of the global economic slowdown.
Stating that it was clear that India was a land of possibilities, Modi recalled Japan has been a part of many key economic turning points in India. He gave the examples of Maruti car, and the Dedicated Freight Corridor.