Modi-Takaichi summit talks today: India, Japan set to deepen ties across trade, defence and technology
Prime Minister Narendra Modi will hold Annual Summit-level talks with his Japanese counterpart Sanae Takaichi in New Delhi today, 2 July. The India-Japan Summit will
Prime Minister Narendra Modi will hold Annual Summit-level talks with his Japanese counterpart Sanae Takaichi in New Delhi today, 2 July. The India-Japan Summit will provide an opportunity for both sides to review strengthen bilateral cooperation across trade, investment, defence and other key sectors. The two leaders are also expected to exchange views on regional and global issues of mutual interest during the summit to be held at Hyderabad House. Several MoUs are expected to be exchanged following the talks between Prime Minister Modi and Prime Minister Takaichi. Quick answers to key questions • 5 QUESTIONS 1 What are the main topics of discussion at the India-Japan summit? ⌵ The main topics of discussion include trade, investment, defense, cooperation in AI and semiconductors, and energy resilience. 2 Why is the India-Japan summit significant for bilateral relations? ⌵ The summit is significant as it aims to strengthen the Special Strategic and Global Partnership between India and Japan amid rising global uncertainties. 3 How will the proposed local-currency settlement framework impact India-Japan trade? ⌵ The proposed framework will allow direct transactions in rupee and yen, reducing reliance on the US dollar and facilitating easier cross-border payments. 4 What agreements are expected to be signed during the Modi-Takaichi summit? ⌵ Agreements expected to be signed include those on energy resilience, AI, critical minerals, and cooperation in various technological sectors. 5 Should businesses be interested in the outcomes of the India-Japan summit? ⌵ Yes, businesses should be interested as the summit will likely pave the way for increased Japanese investment in India and potential new business opportunities.
Takaichi arrived in New Delhi on Wednesday on a three-day visit to India. This is Takaichi's first official visit to India. She is visiting at PM Modi's invitation from July 1 to 3 for the 16th India-Japan annual summit, the MEA earlier said. Takaichi was earlier scheduled to visit Guwahati where the summit meeting with Prime Minister Narendra Modi was being planned. The plans were cancelled just days before the commencement of the visit. Takaichi's engagement today In a special gesture for a Head of Government, not state, Prime Minister Takaichi will be welcomed at the Forecourt of the Rashtrapati Bhavan today, according to a report in The Hindu. The two sides are likly to sign at least ten memoranda of understanding (MoUs) to be announced after talks between the two leaders at at Hyderabad House. Also Read | India, Japan eye LNG stockpiling partnership amid global supply uncertainty Apart from the MoU on energy resilience, agreements on biogas, upstream development of oil and gas, exploration of critical minerals, batteries, artificial intelligence, and pharmaceuticals are also on the table. Takaichi will also address a business meeting where more than 100 Japanese businesspersons are expected, and several MoUs will be signed. Discussions on the Green Ammonia Project in Odisha that has come up with Japanese assistance, are also expected, according to The Hindu report. The Japanese PM will also take part in discussion on that is part of India’s mobility-centric outreach with key economic partners.
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