TOKYO: Underscoring rapid economic and governance transformation going on in Asia’s third largest economy, Prime Minister Narendra Modi termed Make in India as “a global brand” and positioned his country …Read More
Marking the transformative moment in India-Japan relations, Asia’s second and third largest economies signed a historic nuclear pact that signals a new dawn in their burgeoning relations, and makes Tokyo an indispensable partner in India’s development journey.
In Kantei, the stately glass-and-wood office of Japan’s prime minister, there was an atmosphere of quiet celebration as Tokyo made a leap of faith and exceptionalized India by signing its first nuclear deal with a country which hasn’t signed the Nuclear Non-Proliferation Treaty (NPT). Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe smiled as India’s Foreign Secretary S. Jaishankar and Japan’s ambassador to India signed the pact and shook hands warmly.
It was an India-plus exception and underscored New Delhi’s growing profile in Tokyo’s strategic calculus. For Mr Abe it wasn’t an easy decision given Japan’s entrenched nuclear non-proliferation orthodoxy and its singular experience of being attacked by nuclear negotiations, but in the end his strategic vision of the potential of the world’s fastest growing economy and an emerging security provider won.
The text of the nuclear agreement has not been made public so far, but Mr Jaishankar underlined “striking similarities” with the 123 agreement India signed with the US. It’s an improvised and updated version of the 123 agreement, albeit with Japan-specific features.
The deal’s importance goes much beyond nuclear commerce, and paves the stage for a marked acceleration of India-Japan relations in all areas, including trade and investment, green energy and connectivity. This was clear from the signing of 10 agreements and a soaring vision of India-Japan relations which will draw Asia’s two leading democracies in a tighter strategic embrace in the Indo-Pacific region. The deal also signalled a more proactive and expanded role by Japan in key schemes of national renewal, including Make in India, Digital India and Skill India.
TOKYO: Ending years of visions and revisions, India and Japan have taken a historic step to sign a civil nuclear agreement that will enable New Delhi to get Japanese atomic …Read More
The Tokyo-Delhi connect is set to acquire a deeper strategic dimension with the hoped-for signing of a transformational nuclear deal and a host of initiatives to enhance maritime security cooperation during the November 10-12 visit of India’s Prime Minister Narendra Modi to Japan. The visit will be not only closely scanned in New Delhi and Tokyo, but most importantly in Beijing, which continues to nurture containment anxieties and has already red-flagged its concerns over a possible Delhi-Tokyo axis on the South China Sea.
Mr Modi will spend barely 48 hours in Tokyo, but much will be accomplished during his annual summit meeting with his Japanese counterpart Shinzo Abe in Tokyo on November 11. If the latest indications are anything to go by, the visit will see the transformative moment as Japan moves beyond years of strategic vacillation to sign the much-awaited nuclear deal that will pitchfork the India-Japan ties on another plane.
In many ways, the current geo-strategic and geo-economic situation have created a conjunction of India’s Japan Moment and Japan’s India moment. Mr Modi and Mr Abe, who have famously forged a personal chemistry, are ideal partners to propel this partnership to new heights.
The nuclear issue is the last albatross holding back the full potential of this mutually fecundating relationship, and if the nuclear deal is signed in Tokyo, expect a major upsurge in India-Japan relations across the spectrum and an added ballast to the narrative of an inclusive Asian Century.
Capping years of tortuous negotiations, India and Japan look set to sign a transformational civil nuclear deal during Prime Minister Narendra Modi’s November 10-12 visit to Tokyo.
The negotiations for the civil nuclear deal were completed during Japanese Prime Minister Shinzo Abe’s visit to New Delhi in December last year. The text for the civil nuclear deal has also been finalised, with all contentious issues sorted out. Since then, nuclear negotiators of both sides have completed a technical and legal scrub of the text of the nuclear agreement.
The agreement is expected to be signed after talks between Mr Modi and his Japanese counterpart Abe in Tokyo on November 11.
The signing of the nuclear deal will pave the way for acceleration of India-Japan relations in all areas as it’s the only issue that is restricting the full potential of the strategic partnership between Asia’s leading democracies, which are moving closer in the backdrop of perceived Chinese assertiveness in the region.
Building upon the famed Modi-Abe bonding during their much-publicised meeting in August last year, India and Japan have moved into 2015 with an ambitious mandate to fructify the next steps in their multifarious relationship.
The foreign ministers of India and Japan are set to hold their next round of strategic dialogue as New Delhi hosts Japanese Foreign Minister Fumio Kashida, the first high-level visit from Tokyo after the elections in Japan that brought Shinzo Abe to power with a brutal majority.
During their talks on January 16, External Affairs Minister Sushma Swaraj and her Japanese counterpart are expected to review all aspects of the blossoming relationship, which has been galvanised with Prime Minister Narendra Modi’s personal touch and investment in what the new dispensation in Delhi has identified as a major priority country for India in the years ahead.
The two foreign ministers will review the status of outcomes, including doubling of investment, during Mr Modi’s visit to Japan in September last year, Syed Akbaruddin, the spokesperson of India’s external affairs ministry, said ahead of the trip.
In the strategic sphere, the two countries are looking to collaborate closely in shaping an inclusive Asia-Pacific architecture, a strategic imperative which has been accentuated by China’s perceived assertiveness in the region.
Billions of dollars in Foreign Direct Investment (FDI) have been assured to India thanks to Prime Minister Modi’s successful foreign tours and the visit of Chinese President Xi Jinping. Hopefully countries with more wealth and technology than us will help us create jobs. But in his efforts at gathering FDI, the Prime Minister is not any different from the previous government which also staged many road shows with union and state ministers, politicians and even the prime minister going abroad to woo foreign investors.
Everyone knows the advantages of FDI, but there are disadvantages also. One has to remember that FDI in the past has been capital intensive and not labour intensive. Foreign companies tend to use more technology to retain their competitiveness and flexibility than go for hiring more workers. Most are afraid of encountering labour problems. Millions of jobs, however, are needed in India and therefore there has to be a policy of encouraging labour intensive FDI. In mining industry, there is a danger of FDI harming the environment in their extractive manoeuvers. Hence India has to study carefully what kind of FDI it wants.Read More
Varanasi, the holy Hindu city which Modi represents in the Indian parliament, will be developed as a ‘smart city’, using the experiences of Kyoto. Kyoto, home to over 2000 Buddhist temples and Shinto shrines, is renowned for its ability to merge the modern with the ancient, and is symbolic of the development of Japan – where cutting edge technology is used to preserve their historic legacy. The Kyoto-Varanasi pact has set the stage for rekindling civilizational ties between India and Japan, which will deepen the spiritual foundation for the burgeoning multi-pronged modern-day partnership.Read More