Important to develop ambitious targets: Jaishankar on India-Japan ties

Published On : 2024-11-20T03:51:35+0530 [ IST ] | Author : Mayur_Tembhare
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India's External Affairs Minister S Jaishankar Jaishankaron said Japan is a key contributor to India's economic development and the two countries need to develop "ambitious targets" and work towards achieving them.

Jaishankar spoke of the breadth of the bilateral relationship and said the India-Japan Special Strategic and Global Partnership serves the cause of regional peace, international stability and global prosperity.

It is a bilateral relationship of great trust and growing substance but precisely because we have come so far in the last decade it is important that we develop ambitious targets and work towards achieving them he said.

Japan remains a key contributor to India's economic development as we strive to realise the target of 5 trillion-yen investment by 2027 he said.

However, trade figures remain below expectations. In a world under flux, we must deliberate on the urgent need to enhance the quality of our economic cooperation," he said.

Jaishankar said "our convergences" are built on the alignment between India's Act East policy, our Indo-Pacific vision of SAGAR (Security and Growth for All in the Region) and Japan's Free and Open Indo-Pacific Vision as well as our shared support

We also work together on the Indo-Pacific Oceans Initiative (IPOI), where Japan will co-lead the Maritime Trade, Transport and Connectivity Pillar.

As New Delhi and Tokyo expand common interests and forge new modes of collaboration the strategic partnership will progress accordingly he said.

The forum is hosted by the Delhi Policy Group (DPG) and the Japan Institute of International Affairs (JIIA).

In his address Jaishankar also referred to the Industrial Competitiveness Partnership the Clean Energy Partnership and the Semiconductor Supply Chain Partnership saying they reflect the contemporary agenda.

Their goal is to promote reliable and resilient supply chains, trusted digital collaborations and secure green growth. I am confident that we will continue to think bold and act decisively to take it forward in an impactful way.

The minister said a greater frequency of defence exchanges and exercises has been seen, some breaking new ground.

We are both members of the Quad and the interactive dynamic between the larger environment and the bilateral relationship is a beneficial one Jaishankar said.

However he pointed out that the "enormous goodwill between our societies is yet to translate into intensive people-to-people connections".

There is surely room to grow exchanges in education and tourism or indeed in the movement of skilled workers. Recent initiatives from the Japanese side hold great promise and we look forward to realising them concretely in the near future he said.

Today's dialogue provides an opportunity for objective stocktaking and practical strategising on how to achieve the potential of our ties he added.


Source : Reporters From Sunrise Chronicles


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Summary :

India's External Affairs Minister S Jaishankar Jaishankaron said Japan is a key contributor to India's economic development and the two countries need to develop "ambitious targets" and work toward