India and Japan signed pacts on Thursday to boost their cooperation in artificial intelligence, metals, energy, and prepared a joint roadmap for economic security, Indian Prime Minister Narendra Modi said after talks with his Japanese counterpart Sanae Takaichi.
Cooperation in Key Areas
The two countries, also members of the Quad grouping, signed an agreement on their first co-development project in the defence sector. Modi said that through the India-Japan bio-gas Initiative, they will set up 1,000 bio-gas and organic fertilizer plants in India.
Japan is among India’s largest investors, backing major infrastructure projects including a high-speed rail corridor between the cities of Mumbai and Ahmedabad. Japanese firms have also increased investments in Indian companies, including a recent $1.6 billion deal for a 20% stake in Yes Bank.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.