The economic relationship between Japan and India has steadily expanded and deepened in recent years and the volume of trade between the two countries has increased (Photo Credit: The Financial Express)
Both sides reviewed the progress of ongoing projects in various areas, including connectivity, hydropower, forest management, water supply and sewerage, skill development and Japanese language education.
New Delhi: India and Japan held the sixth joint meeting of the India-Japan Act East Forum on Tuesday, March 15 in New Delhi. The meeting was co-chaired by Foreign Secretary Harsh V Shringla and Ambassador of Japan to India, Suzuki Satoshi.
"It was attended by representatives of relevant Ministries and State Governments of the North Eastern Region of India. In addition, officials of the Japan International Cooperation Agency (JICA) and the Japan Foundation (JF) participated," said the statement.
Both sides reviewed the progress of ongoing projects in various areas, including connectivity, hydropower, forest management, water supply and sewerage, skill development and Japanese language education. "They also exchanged views on possible new areas of cooperation," the MEA statement said.
The economic relationship between Japan and India has steadily expanded and deepened in recent years. The volume of trade between the two countries has increased.
India was the 18th largest trading partner for Japan, and Japan was the 12th largest trading partner for India in 2020, sources in the Japanese government said.
Moreover, direct investment from Japan to India has increased, and Japan was the 4th largest investor for India in 2020-21. The Japanese private sector's interest in India is also rising, and, currently, about 1,455 Japanese companies have branches in India.
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