Indo-Japan Nuclear deal signed
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kya baat kya baat!!!!!!! "JE BAAT"
No other strategic partnership can exercise a more profound influence on shaping course of Asia and our interlinked ocean regions. The memorandum we (India-Japan) signed on civil nuclear energy co-operation is a signing symbol of a new level of mutual confidence: PM Modi
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cool its intresting news
India and Japan on Saturday signed a MoU on civil nuclear energy and India’s first bullet train in New Delhi.
“Japan has signed a deal to build India’s first bullet train,” Prime Minister Narendra Modi said in New Delhi Saturday, following talks with Japanese counterpart Shinzo Abe.
“This enterprise will launch a revolution in Indian railways and speed up India’s journey into the future. It will become an engine of economic transformation in India,” Modi said.
Modi and Shinzo Abe on Saturday released a joint statement on cooperation in security, infrastructure, technology, education and economy in New Delhi.
What PM Modi said at the joint press conference:
# Prime Minister Shinzo Abe has been prompt and positive on our economic proposals many of which are now unique to India
# No other strategic partnership can exercise a more profound influence on shaping the course of Asia and our interlinked ocean regions
# We deeply value our Special Strategic and Global Partnership
# No less historic is the decision to introduce High Speed Rail on Mumbai-Ahmedabad sector through Shinkansen known for speed and reliability
# We have made enormous progress in economic cooperation as also in our regional partnership and security cooperation
# Today, we have also taken two more decisive steps in our security cooperation
# No friend will matter more in realising India’s economic dreams than Japan
# We appreciate sharp rise in bilateral assistance programme and strength of public and private Japanese commitment for Make in India
# Japanese private investments are also rising sharply
# I appreciate PM Abe’s support for India’s membership of the Asia-Pacific Economic Cooperation (APEC)
# We will also strive for our rightful place in a reformed UN Security Council
# Our shared commitment to combating climate change is equally strong
# It’s a great pleasure to host a personal friend and a great champion of India-Japan partnership
Modi had earlier in the day said that the ‘Make in India’ initiative had managed to create a multi-billion dollar fund as a part of its resources on the island nation.
“Today, there is a ‘Make In India’ movement in Japan. I have been told that a $11-12 billion fund has been earmarked for it. This clearly indicates how both the countries can move forward,” he said while addressing the India-Japan Business Leaders Forum in New Delhi.
‘Make in India’ is proceeding in mission mode, not just in India, but also in Japan, he added.
“It is clear that India is a land of possibilities,” Modi said, a claim Abe back when he said India had become a very attractive investment destination for Japan.
Praising Modi’s reforms programme, Abe further quipped, “Prime Minister Modi’s speed of implementing policies and reforms is like Shinkansen (bullet train) and his reform agenda is as safe as Shinkansen.”
Modi also said that for the first time Japan will import cars from India.
“Maruti (Suzuki) will manufacture here... Japanese company will manufacture here and export it to Japan,” he said, adding that both India and Japan should move ahead together, not just in the sphere of high-speed trains, but also for “high-speed growth.”
Recalling his last visit to the country, Modi said Japan committed an investment of $35 billion.
“The figure had surprised many at that time, but today, within a short time-span, unimaginable progress had been made, and the contours of this investment are beginning to be visible on the ground,” he said.
Highlighting the improvement in economic indicators in both India and Japan, he said these were extremely encouraging, especially in the light of the global economic slowdown.
The two countries are seeking to take advantage of that friendship, formed partly over their mutual desire to counter regional rival China’s growing influence, during Abe’s two-day visit.
Abe, who arrived in the capital on Friday, invited Indian companies to invest in Japan. Addressing the industry captains, Abe said “I want you, the representatives of the Indian industry to come and invest in Japan.”
Hours after he arrived, external affairs minister Sushma Swaraj called on Abe during which a host of issues of mutual interest figured.
Welcoming Abe, Modi described him as a “phenomenal leader” and said his trip will further deepen the bilateral relations.
“Welcome to India @AbeShinzo. Your visit will provide new strength and vigour to India-Japan ties,” Modi tweeted.
After the talks, he will leave for Varanasi, Modi’s Parliamentary constituency, where he will attend the famous Ganga aarti at the Dasaswamedh Ghat.
Modi will accompany Abe during his nearly four-and-a-half- hour-long visit to Varanasi. Abe will return to New Delhi in the evening and depart on Sunday.
India, Japan ink MoU on civil nuclear energy, bullet train | india | Hindustan Times
“Japan has signed a deal to build India’s first bullet train,” Prime Minister Narendra Modi said in New Delhi Saturday, following talks with Japanese counterpart Shinzo Abe.
“This enterprise will launch a revolution in Indian railways and speed up India’s journey into the future. It will become an engine of economic transformation in India,” Modi said.
Modi and Shinzo Abe on Saturday released a joint statement on cooperation in security, infrastructure, technology, education and economy in New Delhi.
What PM Modi said at the joint press conference:
# Prime Minister Shinzo Abe has been prompt and positive on our economic proposals many of which are now unique to India
# No other strategic partnership can exercise a more profound influence on shaping the course of Asia and our interlinked ocean regions
# We deeply value our Special Strategic and Global Partnership
# No less historic is the decision to introduce High Speed Rail on Mumbai-Ahmedabad sector through Shinkansen known for speed and reliability
# We have made enormous progress in economic cooperation as also in our regional partnership and security cooperation
# Today, we have also taken two more decisive steps in our security cooperation
# No friend will matter more in realising India’s economic dreams than Japan
# We appreciate sharp rise in bilateral assistance programme and strength of public and private Japanese commitment for Make in India
# Japanese private investments are also rising sharply
# I appreciate PM Abe’s support for India’s membership of the Asia-Pacific Economic Cooperation (APEC)
# We will also strive for our rightful place in a reformed UN Security Council
# Our shared commitment to combating climate change is equally strong
# It’s a great pleasure to host a personal friend and a great champion of India-Japan partnership
Modi had earlier in the day said that the ‘Make in India’ initiative had managed to create a multi-billion dollar fund as a part of its resources on the island nation.
“Today, there is a ‘Make In India’ movement in Japan. I have been told that a $11-12 billion fund has been earmarked for it. This clearly indicates how both the countries can move forward,” he said while addressing the India-Japan Business Leaders Forum in New Delhi.
‘Make in India’ is proceeding in mission mode, not just in India, but also in Japan, he added.
“It is clear that India is a land of possibilities,” Modi said, a claim Abe back when he said India had become a very attractive investment destination for Japan.
Praising Modi’s reforms programme, Abe further quipped, “Prime Minister Modi’s speed of implementing policies and reforms is like Shinkansen (bullet train) and his reform agenda is as safe as Shinkansen.”
Modi also said that for the first time Japan will import cars from India.
“Maruti (Suzuki) will manufacture here... Japanese company will manufacture here and export it to Japan,” he said, adding that both India and Japan should move ahead together, not just in the sphere of high-speed trains, but also for “high-speed growth.”
Recalling his last visit to the country, Modi said Japan committed an investment of $35 billion.
“The figure had surprised many at that time, but today, within a short time-span, unimaginable progress had been made, and the contours of this investment are beginning to be visible on the ground,” he said.
Highlighting the improvement in economic indicators in both India and Japan, he said these were extremely encouraging, especially in the light of the global economic slowdown.
The two countries are seeking to take advantage of that friendship, formed partly over their mutual desire to counter regional rival China’s growing influence, during Abe’s two-day visit.
Abe, who arrived in the capital on Friday, invited Indian companies to invest in Japan. Addressing the industry captains, Abe said “I want you, the representatives of the Indian industry to come and invest in Japan.”
Hours after he arrived, external affairs minister Sushma Swaraj called on Abe during which a host of issues of mutual interest figured.
Welcoming Abe, Modi described him as a “phenomenal leader” and said his trip will further deepen the bilateral relations.
“Welcome to India @AbeShinzo. Your visit will provide new strength and vigour to India-Japan ties,” Modi tweeted.
After the talks, he will leave for Varanasi, Modi’s Parliamentary constituency, where he will attend the famous Ganga aarti at the Dasaswamedh Ghat.
Modi will accompany Abe during his nearly four-and-a-half- hour-long visit to Varanasi. Abe will return to New Delhi in the evening and depart on Sunday.
India, Japan ink MoU on civil nuclear energy, bullet train | india | Hindustan Times
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This is a remarkable breakthrough since India is still to sign the Nuclear Non-Proliferation Treaty (NPT) - And probably India is the only country to have signed a nuclear deal with Japan despite being a non NPT-signatory state!
As the global nuclear reactor manufacturers source the most critical equipment in their reactors namely the calandria or reactor vessel from Japanese heavy forging major Japan Steel Works (JSW). You can hardly import any American Nuclear Reactors without the Indo-Japanese Nuclear Deal (though it's highly unlikely that India will ever import any american nuclear reactor in the near future).
Globally, apart from Japan’s JSW, there are just three major heavy forging capacities in operation worldwide that can fabricate large single-piece pressure vessels for nuclear reactors — Creusot Forge (a subsidiary of France’s Areva group), Russia’s OMZ Izhora and Chinese state-owned firm China First Heavy Industries. But JSW dominates the nuclear forgings business, accounting for an estimated 80 per cent of the world market for large forged components for nuclear plants and owns the world’s only plant capable of producing the central part of a large-size reactor’s containment vessel in a single piece from a 600-tonne ingot, which reduces radiation risk.
JSW - Nobody even comes close!
Apart from the above three - India's NPCIL and L&T Heavy Forgings JV will also manufacture heavy nuclear forgings soon in cooperation with France’s Areva as per the ToT agreement signed earlier this year during PM Modi's visit to France - Govt steps up efforts to restart L&T-NPCIL nuclear operations | business | Hindustan Times
As the global nuclear reactor manufacturers source the most critical equipment in their reactors namely the calandria or reactor vessel from Japanese heavy forging major Japan Steel Works (JSW). You can hardly import any American Nuclear Reactors without the Indo-Japanese Nuclear Deal (though it's highly unlikely that India will ever import any american nuclear reactor in the near future).
Globally, apart from Japan’s JSW, there are just three major heavy forging capacities in operation worldwide that can fabricate large single-piece pressure vessels for nuclear reactors — Creusot Forge (a subsidiary of France’s Areva group), Russia’s OMZ Izhora and Chinese state-owned firm China First Heavy Industries. But JSW dominates the nuclear forgings business, accounting for an estimated 80 per cent of the world market for large forged components for nuclear plants and owns the world’s only plant capable of producing the central part of a large-size reactor’s containment vessel in a single piece from a 600-tonne ingot, which reduces radiation risk.
JSW - Nobody even comes close!
Apart from the above three - India's NPCIL and L&T Heavy Forgings JV will also manufacture heavy nuclear forgings soon in cooperation with France’s Areva as per the ToT agreement signed earlier this year during PM Modi's visit to France - Govt steps up efforts to restart L&T-NPCIL nuclear operations | business | Hindustan Times
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New Delhi: India and Japan on Saturday cemented their strategic partnership with the signing of a preliminary pact on civil nuclear cooperation, capping years of negotiations.
The two sides also signed agreements on sharing of technology, equipment and military information and announced that Japan will be a regular participant in the Malabar series of naval exercises that were held mainly between the Indian and US navies.
On the economic front, Japan said it will provide $12 billion of soft funding to build India’s first bullet train besides another $12 billion as an incentive package for Japanese companies investing in India. As part of its overseas assistance package, Japan would lend India $400 billion yen, or $3 billion, for various projects. It will also participate in big ticket infrastructure projects in India, including the $5.5 billion Chennai-Bengaluru corridor project.
The announcements come after hour-long talks between visiting Japanese Prime Minister Shinzo Abe and Indian Prime Minister Narendra Modi in New Delhi on Saturday. Abe is in India for the annual India-Japan summit.
This is Abe’s second visit to India since his re-election in 2012.
Last year, on a visit to Japan, Modi and Abe had elevated their ties to a global and strategic partnership.
A joint statement released after the talks that laid out a vision for cooperation till 2025 said: “The two prime ministers view that imperatives of a stronger bilateral strategic partnership require deep and broad-based cooperation and concrete actions in defence, security, economic and cultural fields.”
“Our future-oriented partnership raises our collaboration to a new level in areas of infrastructure, manufacturing and high technology, including advanced transportation systems, civil nuclear energy, solar power generation, space, biotechnology, rare earths and advanced materials,” it said.
According to analysts, India and Japan are looking to strengthen relations in a bid to balance the unpredictable rise of China as Asia’s dominant power. India has an unsettled border issue with China and views its relations with Pakistan with a wary eye while Japan has territorial disputes with China apart from issues that date back to World War II. Both Modi and Abe are seen as nationalists and analysts see a parallel in the way the two leaders are trying to build up their respective economies to match China’s growing economic and political clout in the Asia-Pacific region.
In his remarks on Saturday, Modi backed the Japanese position on “ensuring freedom of navigation and over-flight, and maritime commerce”.
“We believe that disputes must be resolved peacefully and that all countries must abide by international law and norms on maritime issues,” Modi said, against the backdrop of China imposing embargos in flights and ships from flying over or sailing close to islands disputed with Japan.
Major takeaways
One of the major takeaways from Abe’s visit has been the preliminary pact on the civil nuclear deal. A text of the pact provided by the Japanese side says “the government of Japan and the government of the republic of India have reached agreement on...cooperation in peaceful uses on nuclear energy. The two governments confirm that the agreement will be signed after the technical details are finalized, including those related to the necessary internal procedures”.
According to Indian foreign secretary S. Jaishankar, “We have achieved substantial progress as the key part of the agreement has been done”, though legal and technical experts from both the countries have to go over it and the text has to be passed by the Japanese parliament.
Agreement on the pact had been elusive for many years given Japan’s sensitivities—being the only country in the world to have suffered the consequences of being targeted by nuclear weapons. India, on its part, has stressed that it will retain its right to test atomic weapons and has refused to be bound by any international treaties limiting its options.
Yasuhisa Kawamura, spokesman in the Japanese prime minister’s office, told reporters in New Delhi that India’s self imposed moratorium on nuclear testing and its move separating its civil nuclear reactors from its military ones were seen as commitments by Japan to assuage its concerns on nuclear testing and non-proliferation. “Japan does not see any move by India to go towards testing of atomic weapons,” Kawamura said during a press conference. Japan would, however, relook at its civil nuclear cooperation pact with India if it were to test, he said.
The pact with Japan is crucial for India’s electricity generation plans as many safety and other components meant for reactors are manufactured by Japanese companies.
With India committing to steps to cut down on emissions, nuclear energy is a key component of India’s energy mix, Jaishankar said.
According to Modi, the memorandum “we signed on civil nuclear energy cooperation is more than just an agreement for commerce and clean energy, it is a shining symbol of a new level of mutual confidence and strategic partnership in the cause of peaceful and secure world”. Abe said Japan’s cooperation with India in the nuclear field will be limited to peaceful objectives.
The second major outcome of Abe’s visit was the deal to build a high-speed train line between Mumbai and Ahmedabad. The pact gives Japan a head start over China, which is conducting feasibility studies for high-speed trains on other parts of the Indian rail network. The Indian deal for Japan comes after it lost a similar deal in Indonesia to China.
“This enterprise will launch a revolution in Indian railways and speed up India’s journey into the future. It will become an engine of economic transformation in India,” Modi said in a speech.
According to Jaishankar, India will have to repay the loan over a 50 year-period which has been extended at an interest rate of 0.1%.
The 508km rail line will cost a total of Rs.97,636 crore and the travel time between the two railway stations is expected to be cut down to 2 hours from the current 7 hours.
Under the defence deals announced on Saturday, the two sides agreed to share technology, equipment and military information, but the long-awaited sale of Japanese aircraft in a deal worth about $1.1 billion was not concluded.
India and Japan have been holding talks for two years on the purchase by India of US-2 amphibious aircraft made by ShinMaywa Industries, which would be one of Japan’s first arms sales since Abe lifted a 50-year ban on weapon exports.
Modi described the defence pacts as “decisive steps in our security cooperation,” adding that they would deepen the defence relations and promote defence manufacturing in India.
The two leaders also issued a joint statement on “India and Japan Vision 2025: Special Strategic and Global Partnership Working Together for Peace and Prosperity of the Indo-Pacific Region and the World.”
The statement said India would extend visa an arrival facility for Japanese nationals, including businessmen, from 1 March 2016.
“The two Prime Ministers reaffirmed the intention to develop ‘Japan Industrial Townships (JITs),’ with investment incentive for companies that would not be lower than under the prevailing policy framework such as Special Economic Zone (SEZ), and National Investment and Manufacturing Zone (NIMZ). Moreover, both sides will work toward evolving special packages for attracting Japanese investment in the Japanese Industrial Townships in India. The two Prime Ministers reaffirmed to further deepen bilateral economic and financial cooperation,” the statement said
India, Japan agree on military sales, bullet train and nuclear deal - Livemint
The two sides also signed agreements on sharing of technology, equipment and military information and announced that Japan will be a regular participant in the Malabar series of naval exercises that were held mainly between the Indian and US navies.
On the economic front, Japan said it will provide $12 billion of soft funding to build India’s first bullet train besides another $12 billion as an incentive package for Japanese companies investing in India. As part of its overseas assistance package, Japan would lend India $400 billion yen, or $3 billion, for various projects. It will also participate in big ticket infrastructure projects in India, including the $5.5 billion Chennai-Bengaluru corridor project.
The announcements come after hour-long talks between visiting Japanese Prime Minister Shinzo Abe and Indian Prime Minister Narendra Modi in New Delhi on Saturday. Abe is in India for the annual India-Japan summit.
This is Abe’s second visit to India since his re-election in 2012.
Last year, on a visit to Japan, Modi and Abe had elevated their ties to a global and strategic partnership.
A joint statement released after the talks that laid out a vision for cooperation till 2025 said: “The two prime ministers view that imperatives of a stronger bilateral strategic partnership require deep and broad-based cooperation and concrete actions in defence, security, economic and cultural fields.”
“Our future-oriented partnership raises our collaboration to a new level in areas of infrastructure, manufacturing and high technology, including advanced transportation systems, civil nuclear energy, solar power generation, space, biotechnology, rare earths and advanced materials,” it said.
According to analysts, India and Japan are looking to strengthen relations in a bid to balance the unpredictable rise of China as Asia’s dominant power. India has an unsettled border issue with China and views its relations with Pakistan with a wary eye while Japan has territorial disputes with China apart from issues that date back to World War II. Both Modi and Abe are seen as nationalists and analysts see a parallel in the way the two leaders are trying to build up their respective economies to match China’s growing economic and political clout in the Asia-Pacific region.
In his remarks on Saturday, Modi backed the Japanese position on “ensuring freedom of navigation and over-flight, and maritime commerce”.
“We believe that disputes must be resolved peacefully and that all countries must abide by international law and norms on maritime issues,” Modi said, against the backdrop of China imposing embargos in flights and ships from flying over or sailing close to islands disputed with Japan.
Major takeaways
One of the major takeaways from Abe’s visit has been the preliminary pact on the civil nuclear deal. A text of the pact provided by the Japanese side says “the government of Japan and the government of the republic of India have reached agreement on...cooperation in peaceful uses on nuclear energy. The two governments confirm that the agreement will be signed after the technical details are finalized, including those related to the necessary internal procedures”.
According to Indian foreign secretary S. Jaishankar, “We have achieved substantial progress as the key part of the agreement has been done”, though legal and technical experts from both the countries have to go over it and the text has to be passed by the Japanese parliament.
Agreement on the pact had been elusive for many years given Japan’s sensitivities—being the only country in the world to have suffered the consequences of being targeted by nuclear weapons. India, on its part, has stressed that it will retain its right to test atomic weapons and has refused to be bound by any international treaties limiting its options.
Yasuhisa Kawamura, spokesman in the Japanese prime minister’s office, told reporters in New Delhi that India’s self imposed moratorium on nuclear testing and its move separating its civil nuclear reactors from its military ones were seen as commitments by Japan to assuage its concerns on nuclear testing and non-proliferation. “Japan does not see any move by India to go towards testing of atomic weapons,” Kawamura said during a press conference. Japan would, however, relook at its civil nuclear cooperation pact with India if it were to test, he said.
The pact with Japan is crucial for India’s electricity generation plans as many safety and other components meant for reactors are manufactured by Japanese companies.
With India committing to steps to cut down on emissions, nuclear energy is a key component of India’s energy mix, Jaishankar said.
According to Modi, the memorandum “we signed on civil nuclear energy cooperation is more than just an agreement for commerce and clean energy, it is a shining symbol of a new level of mutual confidence and strategic partnership in the cause of peaceful and secure world”. Abe said Japan’s cooperation with India in the nuclear field will be limited to peaceful objectives.
The second major outcome of Abe’s visit was the deal to build a high-speed train line between Mumbai and Ahmedabad. The pact gives Japan a head start over China, which is conducting feasibility studies for high-speed trains on other parts of the Indian rail network. The Indian deal for Japan comes after it lost a similar deal in Indonesia to China.
“This enterprise will launch a revolution in Indian railways and speed up India’s journey into the future. It will become an engine of economic transformation in India,” Modi said in a speech.
According to Jaishankar, India will have to repay the loan over a 50 year-period which has been extended at an interest rate of 0.1%.
The 508km rail line will cost a total of Rs.97,636 crore and the travel time between the two railway stations is expected to be cut down to 2 hours from the current 7 hours.
Under the defence deals announced on Saturday, the two sides agreed to share technology, equipment and military information, but the long-awaited sale of Japanese aircraft in a deal worth about $1.1 billion was not concluded.
India and Japan have been holding talks for two years on the purchase by India of US-2 amphibious aircraft made by ShinMaywa Industries, which would be one of Japan’s first arms sales since Abe lifted a 50-year ban on weapon exports.
Modi described the defence pacts as “decisive steps in our security cooperation,” adding that they would deepen the defence relations and promote defence manufacturing in India.
The two leaders also issued a joint statement on “India and Japan Vision 2025: Special Strategic and Global Partnership Working Together for Peace and Prosperity of the Indo-Pacific Region and the World.”
The statement said India would extend visa an arrival facility for Japanese nationals, including businessmen, from 1 March 2016.
“The two Prime Ministers reaffirmed the intention to develop ‘Japan Industrial Townships (JITs),’ with investment incentive for companies that would not be lower than under the prevailing policy framework such as Special Economic Zone (SEZ), and National Investment and Manufacturing Zone (NIMZ). Moreover, both sides will work toward evolving special packages for attracting Japanese investment in the Japanese Industrial Townships in India. The two Prime Ministers reaffirmed to further deepen bilateral economic and financial cooperation,” the statement said
India, Japan agree on military sales, bullet train and nuclear deal - Livemint
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