Nov 21, 2016

High Speed Rail cooperation to boost Indo-Japan Trade

Japan to Strengthen Ties with India in High-speed Railway and Nuclear Power

New Delhi: Prime Minister Narendra Modi has said that the high-speed railway cooperation between India and Japan will boost bilateral trade and investment.
Commenting on the issue, Prime Minister Narendra Modi told the media, “The high-speed railway cooperation between India and Japan is a shining example of the strength of our cooperation.”
“It will not only boost our trade and investment ties, but will also create skilled jobs in India, improve our infrastructure and give a boost to our ‘Make in India’ mission,” he added.

The Prime Minister also said that in Tokyo he would have a detailed interaction with top business leaders from India and Japan to look for ways to further strengthen trade and investment ties.

“On November 12, Prime Minister Abe and I will travel to Kobe on the famed Shinkansen – the technology that will be deployed for the Mumbai-Ahmedabad high-speed railway. “Both of us will also visit the Kawasaki Heavy Industries facility in Kobe, where the high speed railway is manufactured.” Stating thaat India-Japan partnership was characterised as a Special Strategic and Global Partnership,

Japanese Prime Minister Shinzo Abe will hold a summit meeting with his Indian counterpart Narendra Modi in efforts to strengthen ties between the two Asian nations in security and economic areas. This is interpreted as a move to check the rise of China.

According to the Nikkei and other Japanese media outlets on November 6, Prime Minister Abe will propose a plan to build a high-speed railway in India modeled after the Shinkansen bullet train service in Japan in the upcoming meeting with Prime Minister Modi who will visit the East Asian nation on November 10-12.

Even though the Indian government decided to adopt the Shinkansen-like service in the 505-kilometer Mumbai–Ahmedabad interval, it has yet to decide on other six lines. For Japanese companies to win additional deals, the Japanese government will offer to its counterpart the building of train car assembly plants in India, as well as technology transfer and more local employment.

In addition, the Japanese Prime Minister will promise a comprehensive talent nurturing plan by which the Japanese government trains 30,000 Indian engineers for the next ten years. Under this plan, a training center will be established to train 4,000 workers to operate the high-speed railroad while Japanese companies like Toyota, Suzuki, and Daikin Industries will build local job training schools.

In the upcoming summit meeting, the two leaders will likely sign an agreement by which India can export technology and materials in relation to nuclear power plants. This is the first time for Japan to sign nuclear deals with a non-member country of the Nuclear Non-Proliferation Treaty.

Modi will call on Japanese Emperor Akihito and review the entire spectrum of the bilateral cooperation with Prime Minister Abe in Tokyo on November 11.

This will be Modi’s second visit to Japan as Prime Minister.