India and Japan look to collaborate in building semiconductors and resilient supply chains
abcnews.go.comIndia and Japan are exploring collaboration in critical and emerging technologies, including semiconductors and resilient supply chains, as part of a target $35.9 billion Japanese investment in the country by 2027
NEW DELHI — India and Japan explored collaborating in critical technologies, including semiconductors and resilient supply chains, as part of plans to reach a target of $35.9 billion Japanese investment in the country by 2027, officials said on Friday.
Foreign Ministers of India and Japan, S. Jaishankar and Yoshimasa Hayashi, met in New Delhi on Thursday and also discussed ways to deepen defense equipment and technology cooperation. Hayashi is on a two-day visit to the Indian capital.
Russia’s war in Ukraine has disrupted the global supply of parts and raw materials needed to complete a variety of products – from cars to computer chips.
Hayashi and Jaishankar also emphasized the crucial role of a strong partnership between India and Japan in ensuring an open and prosperous Indo-Pacific region that is inclusive and rules-based, a statement by India’s External Affairs Ministry said.
They discussed cooperation under multilateral and plurilateral frameworks, including the Quad grouping that also includes the United States and Australia, the statement said. The grouping aims at countering the growing challenge posed by an aggressive China in the region.
Japan considers India an indispensable partner in achieving a free and open Indo-Pacific, Hayashi said at a meeting with business leaders from the two countries.
He said he has been encouraging Japanese companies to invest in 15 key sectors identified by India as eligible for subsidies. These include telecommunications equipment, automobiles, and applied chemical
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