At India-Japan summit level talks Japanese Prime Minister Shinzo Abe offered to help India in the development of bullet trains, which is a high priority project in the Modi government.
Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe gave a joint statement declaring that they had renewed their friendship over dinner and looked forward towards a lasting and fruitful relationship between them.
“Lauding Prime Minister (Narendra) Modi’s vision for development of world class infrastructure in India, including High Speed Railway system, Prime Minister (Shinzo) Abe expressed his hope that India could introduce Shinkansen system (of bullet trains) on the Ahmedabad-Mumbai route,” said the joint declaration issued after talks between the two leaders.
Abe expressed his “readiness to provide financial, technical and operational support to introduce Shinkansen system, for which Prime Minister Modi expressed his appreciation,” it said.
According to the declaration, the two prime ministers look forward to the completion of the joint feasibility study on high speed railway system on Ahmedabad-Mumbai route.
“We agreed to the symbolic Shinkansen bullet train and connectivity between India and its neighbouring countries,” Abe said at a joint media interaction with Modi after the talks.
The declaration said the two Prime Ministers welcomed progress in the ongoing flagship projects of India-Japan economic partnership, such as the Western Dedicated Freight Corridor (DFC), Delhi-Mumbai Industrial Corridor (DMIC), Chennai-Bengaluru Industrial Corridor (CBIC) and committed to accelerate their implementation.
Modi invited Japanese investments in the development of new smart cities and industrial park.
Appreciating Japan’s contribution to the development of urban mass rapid transport system in India, Modi sought Japan’s association with Ahmedabad Metro Project. Prime Minister Abe expressed Japan’s willingness to support the project in a mutually beneficial manner.
Recognising the critical dependence of their economies on imported energy sources and their vulnerability to supply shocks, the two Prime Ministers affirmed their intention to further strengthen energy cooperation through the India-Japan Energy Dialogue.
They shared the intention that India and Japan would explore a higher level of strategic collaboration in the global oil and natural gas market, including through joint procurement of LNG, upstream development of oil and gas, and joint efforts to promote flexible LNG markets, including through relaxation of destination clauses.
The two prime ministers also welcomed enhanced cooperation on utilising highly efficient and environmentally- friendly coal-fired power generation technology and progress on cooperation in Clean Coal Technology (CCT).
The two Prime Ministers welcomed substantial agreement on a commercial contract for manufacturing and supply of rare earth chlorides from India to Japan and affirmed their strong resolution for the finalisation of commercial contract as well as the commencement of commercial production at the earliest.