In an initiative to attract companies leaving China and to provide the world with an alternative to over-dependence on one country, New Delhi, Tokyo and Canberra are considering a deal that could change the paradigm of global trade for decades to come.
While the takeaways from the summit between the two countries next month will be watched closely in the region New Delhi has introduced a third actor into the proceedings that govern Indo-Pacific events – Russia.
Tsuzuki will reportedly start manufacturing operations in the new unit in Jhajjar by 2021.
Aviom intends to use the funds to set-up additional branches and expand its loan portfolio.
The Japan-India strategic partnership plays a pivotal role in countering China’s dominance in the Indo- Pacific and ensuring the region remains open and inclusive.
The increasing paranoia regarding China opens up several avenues for India and Japan to build a stronger bilateral partnership. Highlights: Japanese PM Shinzo Abe announced a corpus of $2.2 billion to help Japanese firms relocate their supply chain network from China. India tweaked its FDI policy to include China in the list of countries where any investment would need the government’s approval. The Gujarat government is preparing a bouquet of incentives to attract Japanese firms looking to shift from China. [...]
To get to the coveted third place India will have to outpace Germany and Japan; the good news is – it can. At a recent fireside chat with Microsoft CEO Satya Nadella, Reliance Industries (RIL) Chairman and India’s (and Asia’s) richest man, Mukesh Ambani, said India could become the third-largest economy in the world over the next decade and has an opportunity to become a “premier digital society” along the way. How feasible is this? Or should it be dismissed [...]
The recent 2+2 dialogue between India and Japan aimed to push their relationship beyond bilateral trade and open up pathways for cooperation in defence and strategy. Highlights: The recent and first-ever 2+2 dialogue between India and Japan is an indication of the increasingly close ties between the two nations. The only other country India has held a 2+2 ministerial dialogue, which is seen as an upgrade from any meeting at a secretarial level, is the US. Despite the close relationship [...]
Internal challenges hinder the US and India from fostering closer strategic ties. While there is clear logic to closer India-US strategic cooperation on a number of fronts, domestic priorities and capacity issues will continue to complicate ties. The United States and India are currently in the midst of a minor trade spat, cantered on medical devices, agriculture and e-commerce, among others. Washington has revoked India’s benefits under the 1970s era Generalized System of Preferences (GSP) arrangement, and New Delhi has [...]