India-Japan Annual Summit 2014
India and Japan Annual Summit was held in Japan.
India-Japan Annual Summit 2014 was held at Tokyo, Japan on 1 September 2014. The Summit was held during the Prime Minister Narendra Modi five-day visit to Japan from 30 August - 3 September 2014. The Summit saw the issuing of Joint Statement by the two Prime Minister, viz., Narendra Modi and Shinzo Abe. The Joint Statement called for enhancing the cooperation between the two countries.
Main Highlights of the Joint Statement
• The Japan announced the launch of a feasibility study by the Japan International Cooperation Agency (JICA) for setting up of a 10 MW canal-top grid connected solar photovoltaic (PV) power plant in Gujarat as a model for next generation infrastructure.
• Japan pledged a loan of 50 billion yen (approximately 500 million US dollars) for the Public-Private Partnership Infrastructure Financing Project to the India Infrastructure Finance Company Limited (IIFCL), and of around 15.6 billion yen (approximately 156 million US dollars) for the Guwahati Sewerage Project in Assam.
• Both sides directed the respective relevant authorities to start a feasibility study by JICA on a potential yen loan project for the MRTS between Gurgaon and Bawal in Haryana.
• Both sides instructed their officials to accelerate the implementation of the Smart Community projects, viz. the Logistics Data Bank project, the Mega Solar Power project at Neemrana and the Seawater Desalination project at Dahej.
• Both sides instructed their officials to expeditiously finalise the Master Plan and the Development Plan of the three cities, viz. Ponneri in Tamil Nadu, Krishnapatnam in Andhra Pradesh and Tumkur in Karnataka in the Chennai-Bengaluru Industrial Corridor (CBIC) as potential industrial nodes by the end of March 2015.
• Both sides welcomed Japan becoming the partner country of the 21st International Engineering & Technology Fair (IETF 2015) to be held in New Delhi and expressed their expectation that this would lead to expansion of trade and investment between the two countries.
• Memorandum of Understanding signed between the Ministry of New and Renewable Energy of India and the Japan Bank for International Cooperation (JBIC) in the field of new and renewable energy.
• Loan agreement signed between the State Bank of India and the Japan Bank for International Cooperation (JBIC) for the super-critical coal-fired power project in Meja in Uttar Pradesh and the launch of a feasibility study by JICA for Barauni super critical thermal power plant in Bihar.
• Both sides welcomed substantial agreement on the commercial contract between Indian Rare Earths Limited (IREL) and Toyota Tsusho Corporation (TTC) for the production of rare earths as a significant step in India-Japan Strategic and Global Partnership
• Both side decided to strengthen cooperation including the acceleration of Preparatory Survey for New Dholera International Airport Development Project.
• The Indian side welcomed Japan’s intention to launch a new sub-project named Village Buddha, which aims at leadership development for self-help groups in rural areas, taking into account the important role played by women in such groups.
• The Indian side welcomed Japan’s hosting the Third UN World Conference on Disaster Risk Reduction in Sendai in March 2015. Both sides affirmed active participation in and close cooperation for the conference in order to adopt the succeeding framework of the Hyogo Framework for Action 2005- 2015.
• Both sides directed the Joint Working Group to accelerate progress for the development of the Indian aircraft industry through US-2 amphibian aircraft cooperation including the transfer of the aircraft and its technology to India.
• Both sides expressed their desire to further promote bilateral and multilateral cooperation on maritime issues and decided to hold the next bilateral dialogue in Tokyo and joint exercise off the coast of Haneda between Indian and Japanese Coast Guards in October 2014.
• The Indian side welcomed Japanese side’s intention to invite young Indian researchers and students to Japan through Japan Society for the Promotion of Science (JSPS) Fellowship Program and Japan-Asia Youth Exchange Program in Science.
• Both sides welcomed the signing of the Letter of Intent between the Ministry of Earth Sciences of India and the Japan Agency for Marine-Earth Science and Technology (JAMSTEC) to launch new cooperation in the field of ocean and earth science & technology.
• Both sides decided to pursue further cooperation in the field of space through approaches such as Asia-Pacific Regional Space Agency Forum (APRSAF) and expressed their expectation that Japan Aerospace Exploration Agency (JAXA) and Indian Space Research Organization (ISRO) would work together to further strengthen its cooperation.
• Both sides expressed satisfaction with the ongoing plan of exchange of approximately 1300 youth between the two countries under JENESYS 2.0 program.
• The Japanese side briefed the Indian side about the international symposium on women, the World Assembly for Women in Tokyo (WAW! Tokyo 2014) to be held in September 2014.
• Both sides welcomed the Programme on Empowerment for Women Leaders in India to be held in November 2014 in Tokyo by HIDA.