JP304 Assignment

Name : Oindrila Pal

Reg. No. : 15653
3rd Year
CJS/SLL&CS

On 29th October at the Prime Minister’s official

residence in the Tokyo Metropolitan area, Prime Minister
Shinzo Abe and Indian Prime Minister Narendra Modi had a
conference where they agreed to implement a new partnership
program in the digital field. Herewith, there are plans to
embark upon collaborative research on AI technology besides
suggesting mutual expansion of startups and human resources.
Also, India which has a population of 1.3 billion, possesses
enormous data and high expectations have been placed on the
digital economy of both India and Japan which are using this
data. Besides, with respect to the fact that Japan is stronger
than before when it comes to hardware and India tends to be
strong when it comes to software, so that both the countries
are in mutual complementary ties, there is an idea to build new
cooperative relations.
Furthermore, in collaboration with IIT Hyderabad, the
best Indian post-secondary educational institution for science,
besides commencing research on robotics making use of AI,
they are also eyeing the possibility of a cooperative industry of
research and development of next-generation
telecommunications [5G] which will be indispensable for things
like loT and automatic-operation in the coming digital new age.
While there are expectations for the promotion of India-Japan
startup hub founded in Bangalore on September this year,
there is an intention to continue to proceed with supporting
mutual expansion of enterprises of both countries and
introduction of human resources. Moreover, in this
conversation, they agreed on the promotion of infrastructure
cooperation like India’s high-speed rail adopting the Shinkansen
system, harbours and roads, the commencement of formal
negotiations on goods and service mutual sponsoring
agreement (ACSA), and also the resumption of the currency
exchange agreement as per which the authorities will lend
funds of 75 billion dollars at times of financial crisis.
Also, in the dialogue this time although details of
agreement in the talk were featured on a grand-scale, on 28th
before the day of the dialogue, Prime Minister Modi as Head of
State, was invited for the first time to Prime Minister Abe’s
holiday house (Yamanashi Prefecture, near Lake Kawaguchi),
where they had dinner together. From this, both sides
deepened their individual mutual trust and Japan appealed that
from now on cooperative relationship with India should be
stressed even further. The steady growth of Japan- India
relationship is of course connected to the development of both
countries but it is also expected to be connected to the
prosperity and equilibrium of the India-Pacific region. From this
it can be said that the bells of the dawn of economic
development due to the solidified relationship of India and
Japan rung loud and clear. Without missing the current flow,
Japanese companies including startups are considering
cooperative industries with the players of India, regardless of
government or people, and want to bring forth new chances
and promote cooperation.