Japanese Prime Minister Fumio Kishida arrived in India on Saturday. Here he will attend the 14th India-Japan summit and will meet Indian counterpart PM Narendra Modi. It is reported that during this time the issue of Russia’s invasion of Ukraine and relations with China will be specially discussed between the two leaders. Apart from India and Japan, the quadrennial group of four countries also includes the US and Australia.
In view of China’s increasing steps in the Indo-Pacific, PM Kishida and PM Modi will meet to strengthen partnership in the region. Foreign Ministry spokesman Arindam Bagchi said that the meeting on Saturday will provide an opportunity for talks on regional and global issues. He also said that it is expected that there could be a special discussion on the Russian invasion of Ukraine and relations with China.
What is the reaction of both the countries on Russia
On the one hand, Japan has announced economic sanctions against Russia. At the same time, India is avoiding taking any side in this conflict of neighbors. Even in the United Nations, India did not vote against Russia. India says that relations with Japan are very important to bring stability in the Indo-Pacific region.
In the Quad meeting held in September last year, the leaders had announced that Japan would work with India on an investment of $100 million in the field of drugs to be included in the COVID-19 vaccine and treatment. Figures show that the bilateral trade between India and Japan has crossed the $11.87 billion mark for the year 2019-20.
Understand the mathematics of business relationships like this
India mainly exports petroleum products, chemicals, fish, clothing, iron and steel products, textile yarns, fabrics and machinery to Japan. At the same time, imports include electrical machinery, iron and steel products, plastics, vehicle parts, organic chemicals and metals. Japanese investment in India reached $32 billion in the years 2000 and 2019. The highest investment among these is the name of automobile, electric appliance, telecommunication, chemical, insurance and pharma sector.