India-Japan strategic relationship reshaping Asia

by Arnab Mitra
With common ground around unresolved territorial disputes with China, Japan is fast emerging as India’s strongest ally within the “Act East” spectrum. The plethora of deals struck during the Abe visit hold great promise for the future. A civilian nuclear deal, a Rs 98,000-crore ($16 billion) agreement for a bullet train between Mumbai and Ahmedabad, a commitment by Japan to help India build and improve its infrastructure in roads, rail, metro rail, industrial corridors and urban development and a closer strategic and defence embrace marked Japanese Prime Minister Shinzo Abe’s visit to India. The Indian side is most pleased with the deal on civil nuclear cooperation, though the Japanese side took pains to point out that it will be operationalised only after ratification by its Parliament, the Diet. The deal clears the way for India to buy high technology nuclear reactors from US firm Westinghouse, which is a subsidiary of Japanese giant Toshiba. So, the deal will also help operationalise the Indo-US nuclear deal. As Indian officials pointed out, there is no such thing as an “American nuclear reactor”,
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2018-05-18T13:06:26+00:00January 25th, 2016|2016, Act East, India Investment Journal Feb/March Edition, Year|

About the Author: Arnab Mitra