India-Japan Ties — Old Partners, New Priorities
“At the heart of the visit lies Japan’s announcement of a ¥10 trillion (about $68 billion) investment plan in India to be spread over the next decade. This pledge, among the most ambitious Tokyo has ever made to New Delhi, is designed to boost the infrastructure, manufacturing, clean energy, and technology partnership. It signals Japan’s long-term stake in India’s growth story at a time when many global investors remain cautious about China. The fact that Japan is also investing in the next-generation E10 series Shinkansen for the Mumbai-Ahmedabad high-speed rail corridor reflects economic collaboration alongside Tokyo’s willingness to transfer cutting-edge technology to India.”
“On the strategic front, the two countries are expected to revise the 2008 Joint Declaration on Security Cooperation, reorienting their security and defence partnership in accordance with contemporary realities. The proposed Economic Security Initiative — it covers semiconductors, critical minerals, pharmaceuticals, and clean energy — anchors Japan more firmly within India’s quest for diversified supply chains. Also significant is the upgrade of their digital partnership, which is now expected to cover artificial intelligence and startup ecosystems. These initiatives place India-Japan ties at the forefront of technological and security cooperation in Asia, reinforcing their shared commitment to a free, open, and rules-based Indo-Pacific.”
https://www.orfonline.org/research/india-japan-ties-old-partners-new-priorities