India, Japan sign landmark civil nuclear cooperation deal
Prime Minister Narendra Modi, who is on a 3 day visit to Japan, signed a landmark civil nuclear cooperation deal with his Japanese counterpart Shinzo Abe on Friday. He thanked PM Abe for the support extended for India’s membership of the Nuclear Suppliers Group.
With this deal, India has become the first country to get Japanese nuclear technology outside NPT, while the agreement is also expected to boost bilateral economic and security ties and facilitate US-based players to set up atomic plants in India.
“We see Japan as a natural partner in our aim to be major centre for manufacturing, investments and 21st century knowledge industries,” PM Modi said.
Modi claimed that the Agreement for Cooperation in Peaceful Uses of Nuclear Energy marks a historic step in India’s engagement to build a clean energy partnership.
PM Modi said, “Dynamism and depth of our ties has increased with passage of time with continuing commitment to our partnership.” He added that both countries are united to combat the menace of terrorism, especially cross-border terrorism.
Modi presented India as a land of incredible opportunities and invited Japanese companies to invest, saying substantial finances are needed for development of the country and reforms were underway to make it the world’s “most open” economy.
While addressing top Japanese business leaders Modi said, “ India wants greater influx of Japanese investments and for this, we will be proactive in addressing your concerns”.
Modi’s Japan visit will also finalize one of the first military sale’s Japan has made since lifting a 50-year-old export ban on arms sales two years ago. It is said that India will buy 12 rescue water-planes from Japan, worth an estimated $1.6 billion.
On Saturday, Modi and Abe will travel from Tokyo to Kobe by Shinkansen – Japanese bullet train. The visit to the Kawasaki Heavy Industries facility in Kobe, where high-speed trains are manufactured, has been organised.