On 12th
December 2015 India & Japan signed three pacts i. e Civil Nuclear
Co-operation , High Speed bullet train & Co-operation
Civil Nuclear Co-Operation pact signed after a five
years of intense negotiations. The deal will be executed by U.S firms like
G.E& Westinghouse &the French firm Areva. This deal is crucial for
setting up nuclear power plants using Japanese reactors. This deal is more than just an agreement for commerce
& clean energy .It is a shining
symbol of a new level of mutual confidence and strategic partenership in the
cause of a peaceful & a secure world.
High Speed Railways – An
M.O.U was also signed on High Speed Railways between Mumbai & Ahmedabad.
This project coating 12 billion us dollars will be financed by Japan. This
enterprise will launch a revolution in Indian Railways & speed up India’s
railway communication into the future.
Defence Co-operation
–Two pacts also signed on defence co-operation.This agreement deals with
transfer of defence equipment and
technology.It will also boost development & implement of joint research.The
defence issues pertained to security measures for the protection of classified
Military Information Japan will also now be part of the India-Us Malabar
exercises on a regular basis.From 1st march 2016 Japanese will get
visa on arrival.This will boost business & therefore the countries economy.