"Following their summit in Tokyo, Indian Prime Minister Narendra Modi and Japanese Prime Minister Shigeru Ishiba agreed on a goal of boosting Japanese private investment in India to about $6.8 billion a year over the coming decade, up from about $2.7 billion a year in the 2010s. They also agreed to increase exchanges of workers and students to half a million people in the coming five years."
"The two governments hope India's young workforce can help address labor shortages caused by Japan's aging and declining population. "We believe that Japanese technology and Indian talent are a winning combination," Modi told a news conference. The two leaders released a "joint vision" of cooperation for the next decade in areas such as security, defense, clean energy, technology and space, and signed a total of 11 documents."
India and Japan agreed to bolster economic ties and expand cooperation in clean energy and defense. A target was set to raise Japanese private investment in India to about $6.8 billion per year over the coming decade, up from about $2.7 billion per year in the 2010s. The countries agreed to increase exchanges of workers and students to 500,000 people over five years to help address Japan's labor shortages from an aging and declining population. A joint vision for cooperation covering security, defense, clean energy, technology and space was issued and 11 documents were signed. Plans include a factory visit and a subsequent trip to China amid domestic political pressure on Japanese leadership.
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