Summary:

During the Quad ministerial conference in Tokyo, External Affairs Minister Mr. S. Jaishankar announced a $42 billion investment goal between India and Japan by 2027. The meeting, attended by Japan's Yoko Kamikawa, Australia's Penny Wong, and US Secretary of State Antony Blinken, focused on strengthening economic connections. Jaishankar highlighted India's significant infrastructure achievements, including 8 new airports and 1.5 to 2 new metro systems annually, as well as daily additions of 28 kilometers of highways and 8 kilometers of railway tracks. India currently has 1,600 global capability centers, generating over $100 billion in annual exports.

To encourage investment, he emphasized the presence of 1,400 Japanese firms in India, praising their contributions to India's automotive revolution and metro system expansion. He mentioned the high-speed rail project and emphasized potential collaboration in semiconductors, artificial intelligence, electric vehicles, and renewable energy. These sectors are critical for bilateral and Quad discussions. India is emerging as a key global player in advanced technology. Japan's Ministry of Foreign Affairs pledged to strengthen collaboration, expand the JET Programme, and initiate a Japanese Language Partners dispatch to India.

Source: IBEF 

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