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India, Japan inks pacts on defence and nuclear energy

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Taking their robust bilateral ties to a new level, India and Japan today inked a number of pacts in key areas of defence and nuclear energy as well as building of first bullet train network between Mumbai- Ahmedabad at a cost of about Rs 98,000 crore.

The strategic pacts were inked after the summit between Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe during which they also discussed international and regional issues of mutual importance including UN security reforms.

Addressing a joint press meet with Abe, Modi said, “No friend will matter more in realising India’s economic dreams than Japan” while describing Abe as “a personal friend and a great champion of India-Japan partnership”.

Referring to the pacts signed, Modi said, “No less historic is the decision to introduce High Speed Rail on Mumbai-Ahmedabad sector through Shinkansen known for speed, reliability, safety”, noting that Abe’s extraordinary package of approximately USD 12 billion and technical assistance, on very easy terms, for this project was greatly appreciated.

“The memorandum we signed on civil nuclear energy cooperation is more than just an agreement for commerce and clean energy. It is a shining symbol of a new level of mutual confidence and strategic partnership in the cause of a peaceful and secure world,” Modi added.

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