AMN / TOKYO
India and Japan on Monday signed six agreements after Prime Ministers Narendra Modi and his Japanese counterpart Shinzo Abe held talks in Tokyo on Monday.
After the 13th bilateral summit, both the sides also made two key announcements on defence and development projects.
In defence, it was agreed to establish a 22 dialogue mechanism between the Foreign Ministers and the Defence Ministers of the two countries to augment bilateral defence and strategic ties.
In his press statement, Mr. Modi said, the new 22 arrangement is aimed at furthering world peace and stability.
An agreement on the implementing arrangement for deeper cooperation between the Indian Navy and the Japanese Maritime Self Defence Force has also been inked.
Both the sides also exchanged notes concerning the provision of seven different Yen-loan projects including the one on the Construction of Mumbai-Ahmedabad High-Speed Rail, the third phase of the Delhi Mass Rapid Transport System, the North East Road Network Connectivity Improvement and the Chennai Peripheral Ring Road.
The total loan provision is up to 316 billion yen.
Earlier, addressing the business symposium on Make in India Digital partnership and Indo-Japanese partnership in Africa, Mr. Modi said, India welcomes not only the big corporate Houses of Japan to set up their industries but also the medium, small and micro enterprises.