Our Technology & India’s Talent Complement Each Other: Japan PM
In a recent address at the India-Japan Joint Economic Forum, Japanese Prime Minister Shigeru Ishiba stressed that the country’s advanced technology and India’s outstanding talent are the perfect combination to drive a dramatic expansion of economic ties between the two nations. This synergy has already led to significant collaborations, with many Japanese companies playing a crucial role in India’s ambitious “Make in India” initiative.
The Prime Minister’s remarks were made during a meeting with Indian Prime Minister Narendra Modi, where the two leaders discussed ways to further strengthen bilateral ties. Ishiba highlighted the unique strengths of both nations, acknowledging that Japan’s cutting-edge technology and India’s talented workforce are a match made in heaven.
“Many Japanese companies are playing a key role in Make in India…They are working together on the construction of Mumbai-Ahmedabad High Speed Rail,” Ishiba stated, emphasizing the importance of these collaborations. This high-speed rail project, which is expected to revolutionize transportation in India, is a prime example of the kind of large-scale infrastructure development that can be achieved through the combination of Japanese technology and Indian expertise.
The “Make in India” initiative, launched by Prime Minister Modi in 2014, aims to promote domestic manufacturing and attract foreign investment. The program has seen significant success, with many international companies setting up shop in India to take advantage of the country’s large and growing market. Japan, in particular, has been a key partner in this initiative, with many Japanese companies investing heavily in Indian manufacturing and infrastructure projects.
The synergy between Japan’s technology and India’s talent is not limited to the “Make in India” initiative. Japan is also a key player in India’s plans to develop a robust digital infrastructure. The two countries have signed several agreements aimed at promoting digital cooperation, including a memorandum of understanding (MoU) on cooperation in the field of information and communication technology (ICT).
Under this MoU, Japan and India have agreed to collaborate on the development of 5G networks, artificial intelligence, and the Internet of Things (IoT). These technologies are expected to play a crucial role in driving economic growth and improving the quality of life in India. The collaboration will also enable the two countries to share expertise and knowledge, helping to accelerate the development of these technologies.
The collaboration between Japan and India is not limited to the government sector. Japan’s companies are also playing a key role in India’s startup ecosystem. Many Japanese companies have been investing in Indian startups, providing them with funding, mentorship, and access to new markets. This has helped Indian startups to scale up their operations and expand their reach globally.
In recent years, Japan has emerged as one of the largest investors in India’s startup ecosystem. According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), Japan is the second-largest source of foreign investment in India’s startup sector, accounting for over 20% of total foreign investment.
The partnership between Japan and India is not limited to economic cooperation. The two countries have also been working closely together on several strategic issues, including regional security and global governance. Japan and India have a shared interest in promoting peace and stability in the Asia-Pacific region, and they have been cooperating closely on issues such as counter-terrorism and non-proliferation.
In conclusion, the remarks made by Japanese Prime Minister Shigeru Ishiba at the India-Japan Joint Economic Forum are a testament to the growing partnership between the two nations. The combination of Japan’s advanced technology and India’s outstanding talent is a powerful force that is driving economic growth and development in both countries. As the two nations continue to work together on a range of initiatives, there is no doubt that their collaboration will have far-reaching benefits for both countries and for the region as a whole.
News Source:
https://x.com/ANI/status/1961302477053333771
