India-Japan sign 15 agreements, Modi hails Japanese investment

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Prime Minister Narendra Modi on Thursday hailed Japanese investment in India and said the agreements signed between the two nations will strengthen 'India-Japan partnership'.

Exchange of agreements between India and Japan

Modi and his Japanese counterpart Shinzo Abe earlier today witnessed an exchange of agreements between the two nations. The two nations signed 15 agreements/MoUs which would deepen 'special strategic and global partnership', said the External Affairs Ministry.

"In 2016-17 Japan invested 4.7 billion dollars in India, which is 80% higher than last year...I heartily welcome the agreements signed today, they will strengthen India-Japan partnership," Modi said.

Modi said that the postal departments have agreed to start a 'cool box service' for Japanese living in India so that they can order their favourite food from Japan.

He also urged Japanese business community to open a maximum number of Japanese restaurant chains in India.

Abe, on his part, recalled a joint naval exercise between India, Japan and the US, saying that it was a testimony to the fact Modi and US President Donal Trump share 'strong ties of trust'.

"It (joint naval exercise Malabar) will further deepen cooperation between India, Japan and the US," he added.

Following is the list of important agreements signed between India and Japan:

  • Agreement for international joint exchange program in science and technology.
  • Joint research contract between Japan's AIST and India's DBT.
  • MoU between DBT and National Institute of Advance Science and Technology
  • MoU on promotion of cooperation in research related activities.
  • MoU on international academic and sports exchange between LNIPE and Nippon Sports Science University.
  • Letter of Intent between LNIPE and University of Tsukuba, Japan.
  • India-Japan investment promotion roadmap
  • RoD on civil aviation cooperation. 
  • MoC on 'Japan-India special program for Make in India'.
  • MoC on disaster risk management. 
  • MoC in the field of Japanese Language education.
  • India-Japan Act East forum.
  • Arrangement for administrative instruction for the implementation of cool EMS service.
For more details on agreements signed click here.

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