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Japan and India Seal 10-Year Vision With ¥10 Trillion Investment Goal and New Economic Security Pact

The agreement signals a broader upgrade in coordination across defense, technology, supply chains and climate projects.

Overview

  • Tokyo and New Delhi set a five‑year target to expand people‑to‑people exchanges to 500,000, with Japan aiming to accept 50,000 Indian professionals in fields such as IT.
  • The countries launched an Economic Security Cooperation Initiative to bolster stable supplies of critical minerals and semiconductors.
  • An AI Cooperation Initiative was created to deepen collaboration on advanced technologies beyond existing industrial ties.
  • The 2008 security cooperation declaration was revised to enable work toward co‑development of defense equipment, and the joint statement voiced serious concern over the East and South China Seas.
  • Leaders agreed to introduce JR East’s new E10‑series trains on India’s high‑speed rail in the early 2030s and to adopt a bilateral carbon credit scheme under the Joint Crediting Mechanism.