India and Japan Strengthen Economic Ties in Critical Sectors
India-Japan seek to advance coop in critical minerals, semiconductors & ICT
The Economic Times
Image: The Economic Times
India and Japan have conducted a significant economic security dialogue focusing on collaboration in critical minerals, semiconductors, information and communication technology (ICT), clean energy, and pharmaceuticals. This meeting precedes the upcoming Quad foreign ministers' meeting and aims to enhance supply chain resilience amid geopolitical challenges.
- 01India and Japan held a key economic security dialogue to enhance collaboration in five critical sectors.
- 02The dialogue was co-chaired by Indian Foreign Secretary Vikram Misri and Japanese Vice Minister Takehiro Funakoshi.
- 03Discussions emphasized the importance of public-private partnerships for resilient supply chains.
- 04The meeting is strategically timed ahead of the Quad foreign ministers' meeting focusing on critical minerals.
- 05Both nations aim to secure energy sources amid ongoing geopolitical tensions in West Asia.
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India and Japan have engaged in a crucial economic security dialogue aimed at bolstering cooperation in five key sectors: critical minerals, semiconductors, information and communication technology (ICT) including artificial intelligence and telecommunications, clean energy, and pharmaceuticals. The dialogue took place in New Delhi and was co-chaired by Indian Foreign Secretary Vikram Misri and Japanese Vice Minister Takehiro Funakoshi on Monday. This meeting is particularly significant as it precedes the upcoming Quad foreign ministers' meeting, which will address critical mineral supply chains and emerging technologies. Both sides acknowledged the necessity for closer public-private partnerships to safeguard economic interests and enhance supply chain resilience in the current geopolitical climate. The discussions also covered broader bilateral issues including defense, trade, and energy security, particularly in light of the ongoing conflict in West Asia.
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This dialogue could lead to increased investments and partnerships in critical sectors, benefiting industries and consumers in both countries.
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