India-Japan 15th Annual Summit Highlights

Indian Prime Minister visited Japan for the 15th Annual Summit with Japanese Prime Minister prior to attending the SCO Summit in Tianjin. The visit focused on advancing bilateral ties and addressing geopolitical challenges.

Key Agreements and Initiatives

• Japanese businesses aimed to increase their investments in India to $68 billion and signed approximately 170 MoUs with Indian partners.
• A 2035 Vision Statement was released highlighting eight areas of cooperation, including economic security, mobility, and green technology transition.
• The "Next-Gen State-Prefecture Partnership" aimed at strengthening grassroots ties and enhancing direct flight connectivity.

Security and Economic Partnerships

• The 2008 Security partnership was updated to include: 
  • An annual NSA-level dialogue.
  • Increased engagement over the Quad and Indo-Pacific cooperation.
  • UN Security Council reform initiatives.
• The Economic Security Partnership focused on building resilient supply chains and securing critical infrastructure.
• Japan to aid India in semiconductor manufacturing, addressing Chinese export restrictions on rare earth magnets.

The summit underscored the stability and growth of the India-Japan relationship amidst global geopolitical turmoil.