GUWAHATI: India and Japan on Thursday, July 2, unveiled a series of strategic initiatives aimed at strengthening cooperation in economic security, defence, energy resilience and emerging technologies following talks between Prime Minister Narendra Modi and his Japanese counterpart Sanae Takaichi.
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The two leaders announced an economic partnership framework, a defence pact for the co-development of military hardware, a declaration on economic security, a joint statement on cooperation in artificial intelligence (AI), and a framework to strengthen collaboration in energy supply chains.
The agreements come against the backdrop of global trade disruptions, concerns over economic coercion and volatility in energy markets, with both countries seeking to build resilient supply chains and reinforce a rules-based order in the Indo-Pacific.
According to the Ministry of External Affairs, Prime Minister Modi and Prime Minister Takaichi held wide-ranging discussions covering trade and investment, economic security, energy, emerging technologies, defence and people-to-people exchanges.
The two sides also agreed to deepen maritime and defence cooperation through increased naval exercises, enhanced defence technology collaboration and the early convening of the India-Japan 2+2 Ministerial Dialogue.
The visit follows Prime Minister Modi's trip to Tokyo last year, during which Japan pledged to more than double its investment in India to over $61 billion over the next decade, underscoring the growing economic partnership between the two countries.
Official data shows bilateral trade between India and Japan reached $27.5 billion in the 2025-26 financial year. Japanese investment in India stood at $3.2 billion between April and December 2025.
Japan remains one of India's largest foreign investors, supporting key infrastructure projects such as the Mumbai-Ahmedabad High-Speed Rail corridor. Japanese companies have also expanded their investments in Indian businesses, including a recent $1.6 billion deal to acquire a 20 per cent stake in Yes Bank.
Prime Minister Takaichi is accompanied by a high-level business delegation and is also scheduled to address a business conference later on Thursday.