This Article is From Aug 29, 2014

In Japan, PM Likely to Seek Investment in Bullet Trains: 10-Point Guide to his Visit

In Japan, PM Likely to Seek Investment in Bullet Trains: 10-Point Guide to his Visit

Prime Minister Narendra Modi at the launch of Jan Dhan Yojana, in New Delhi on August 28. (Reuters)

New Delhi: Prine Minister Narendra Modi leaves tomorrow for Japan for a five-day visit, his first major bilateral trip since taking over in May. Here's your 10-point cheat-sheet to what's on the PM's agenda.

Here is your 10-Point Guide

  1. PM Modi, 63, will first meet host Prime Minister Shinzo Abe privately in the historic city of Kyoto before holding official talks in Tokyo, seeking to boost trade between Asia's second and third largest economies.

  2. Both premiers are right-wing nationalists elected on a pledge to revive their countries' economies, and lead countries embroiled in territorial disputes with China. The United States, Japan's key ally, is concerned about Beijing's growing economic and military clout, and would welcome a closer relationship between New Delhi and Tokyo, which geographically bookend China.

  3. Mr Modi is traveling with a large delegation studded with some of India's biggest industrialists including Reliance's Mukesh Ambani and software giant Wipro's Azim  Premji. The PM will seek Japanese support in infrastructural developments.

  4. This could include Japanese investment for the high-speed 'bullet' trains that the PM has promised. His government has said the country's dilapidated railways needed an "immediate course correction".

  5. India is hoping to win Japanese backing for a nuclear energy pact and lure investment into its $85 billion market while addressing Japan's concern about nuclear proliferation.

  6. India has been pushing for an agreement with Japan on the lines of a 2008 deal with the United States under which Delhi was allowed to import U.S. nuclear fuel and technology without giving up its military nuclear programme.

  7. But Japan wants explicit guarantees from India, which has not signed the international Nuclear Nonproliferation Treaty, to strictly limit nuclear tests and to allow more intrusive inspections of its nuclear facilities to ensure that spent fuel is not diverted to make bombs.

  8. An agreement is not expected to be sealed at the bilateral summit, but progress in negotiations is likely.

  9. The two leaders will agree to have their countries jointly produce mixed rare earth minerals and metals, key elements in defence industry components and modern technology.

  10. Mr Modi and host Prime Minister Abe are also expected to strengthen defence ties, speeding up talks on the sale of an amphibious aircraft to the Indian navy




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