India Japan Bilateral ties : PM visit to Japan
India and Japan gave a big boost to the bilateral relations by signing number of agreements, economic as well as strategic. The biggest positive to have come out is the prospect of conclusion of civil nuclear deal probably around 2014 without having to sign the restraining Nuclear Proliferation Treaty (NPT) as a precondition for civil nuclear cooperation.
- 1483 km long Delhi-Mumbai Corridor through 6 states- a mega infrastructure project of $90 billion, will be constructed with financial & technical aid from Japan.
- Japan is also to help bullet train project in India that might make Delhi-Mumbai journey an 8 hours affair.
- A dedicated Freight Corridor will be constructed (DFC) covering 2,762-km-long two routes — (i)the Eastern Corridor from Ludhiana to Dankuni and (ii)the Western Corridor from Jawahar Lal Nehru Port at Nhava Sheva in Navi Mumbai to Tughlakabad, Delhi/Dadri.
- Mr. Abe’s, Japanese PM, pledged 17.7 billion yen for the Campus Development Project of Indian Institute of Technology, Hyderabad (Phase-2).
- Japan has agreed to give loan to India worth 71 billion yen (almost seven million US dollars) for the Mumbai Metro Line III project, apart from 3.47 billion dollars for further eight projects.
- India, as a proof of consolidating strategic ties, has invited Japan to hold military exercises in the Indian Ocean.
India, in the shadow of rising Chinese assertiveness in the economic and geopolitical spheres of the region, is seen as a natural partner by US and Japan so as to neutralize alarmingly growing Chinese influence.