KHWAJA MOINUDDIN CHISHTI LANGUAGE

UNIVERSITY, LUCKNOW

REPORT
ON
“Indian relationship with
Japan ”

Submitted Towards Fulfillment Of

MASTER OF BUSINESS ADMINISTRATION (MBA)
Session 2023-24

Under the Guidance of : Submitted By:

(Dr) Doa Naqvi Ma'am Istyak Ali

Vikrant kumar
MBA, 3nd sem
ACKNOWLEDGEMENT
First of all I express my gratitude to my project guide (DR)
Doa Naqvi Ma'am, KMCLU, Lucknow. Her able guidance at
each step of the project helped me to broaden me outlook on the
project and in successful completion of the project. I shall
always remember his polite way of correction and constant
encouragement by asking various questions.
I specially thank all the faculty members of KMCLU
Lucknow, for having equipped me with the skills and the ability
through their inputs,which assisted me in the completion of the
project.
I wish to thank all those people who have directly or indirectly
been instrumental in successful completion of this project work.
Finally, I would like to thank my Parents, Family, Friends,
colleagues and God Almighty for their unending inspiration and
encouragement.
INTRODUCTION
Japan is an island nation in East Asia. Located in the Pacific Ocean, it
borders China, North Korea, South Korea, Russia, Taiwan, the Sea of
Japan, the Sea of Okhotsk, and the East China Sea. It is an
archipelago of 6,852 islands, most of which are mountainous, and
many are volcanic.
The government system is a parliamentary government with a
constitutional monarchy; the chief of state is the emperor, and the
head of government is the prime minister. Japan has a market
economy in which the prices of goods and services are determined
in a free price system. Japan is a member of the Asia-Pacific
Economic Cooperation (APEC) and the Trans-Pacific Partnership
(TPP).
RELATIONSHIP BETWEEN INDIA AND JAPAN

India Japan Relations

A strong bilateral relationship between India and Japan shares a
common interest in promoting peace, prosperity, and stability across
Asia. India Japan Relations dates back to the 6th century with the
penetration of Buddhism in Japan through India. The foundation of
the India Japan economic relations was laid in 2000 with the
establishment of “Global Partnerships in the 21st Century” by Mr
Yoshiro Mori and Shri Atal Bihari Vajpayee. It was marked by then
Prime Minister of Japan Mr Mori’s visit to India. Japan ranks 6th in
terms of FDI (Foreign Direct Investment) in India, and Japan is a key
supporter of the Make in India initiative.

India Japan relations history

India-Japan Relations have had a strong connection since the 6th
century. An Indian monk Bodhisen visited Japan in 752 AD and
spread Buddhism in Japan.

1. Ancient records from Nalanda University indicate scholars and

pupils from Japan who studied at Nalanda University, with
special reference to Tenjiku Tokubei.
2. The relationship between Japan and India was normalized in
April 1952, following the conclusion of the Second World War.
It was one of Japan’s first peace treaties as the country began
to rebuild.
 3. Following the collapse of the USSR, India’s relationship with
the United States improved significantly. This change had a
widespread effect on India’s relationships with countries such
as Japan and Israel, which are both pro-US.
4. Trade relations between both countries are a decade old, with
India replacing China as one of the main markets in 1915.
Cotton was the most exported commodity from India to
Japan.

India Japan Economic Relations

1. The India Japan Comprehensive Economic Partnership

Agreement (CEPA) is the most comprehensive agreement
signed in August 2011. CEPA agreements cover trade in goods,
services, investments, intellectual property rights, custom
procedures and many trade issues.
2. Japan has pledged to invest Rs 33,800 crore in various
government and private sectors in India. Between April 2000
and June 2018, Japan has invested almost $28.16 billion in FDI
in India.
3. A crucial co-operation between Japan and India is the
development of the Mumbai-Ahmedabad High Speed Railway
(MAHSR). A dedicated freight corridor is in discussion with a
project estimated to be Rs 50,000 crore and Japan investing Rs
38,000 crores.
4. The India-Japan economic relations strengthened with the 1st
India-Japan Ministerial Level Economic Dialogue on 30th April
2012. India is the largest recipient of ODA (Official
Development Assistance) by Japan.
5. The disbursement of ODA by Japan in India is towards
developing large-scale projects across India like Metro rail
projects and infrastructure development. Delhi Metro is one
example of Japanese cooperation.
6. SEPI (Special economic partnership initiative) was signed
during the visit of the Prime Minister of Japan to India in
December 2006. The main elements of SEPI include the
 Dedicated Freight Corridor-West project, Delhi-Mumbai
Industrial Corridor, setting of free trade, specific economic
zones, and SEZs and industrial estate development.
7. 3-year bilateral swap agreement (BSA) signed between RBI
and Bank of Japan for USD 50 billion to support bilateral trade,
resolve short term issues of liquidity, and help with market
stability.
8. Japan-India Investment Promotion Partnership includes 3.5
trillion yen public and private financing to India in 5 years.

Defense Relations: India Japan Relations UPSC

1. A security pact was concluded between Japan and India on

22nd October 2008 for joint military exercise and defense
technology cooperation.
2. In 2014, India upgraded India Japan Relations to be a “Special
Strategic and Global Partnership.”
3. As part of the institutional framework between the two
countries, the two plus two dialogue is a regular and
systematic mechanism where the Defense and Foreign
Ministers from both countries come together to discuss issues
from both important sides.
4. China has been making aggressive diplomatic moves with
countries like Japan and India. This includes fighting over
territory in the East China Sea and new construction in the
South China Sea.
5. India and Japan partner with the US, including the Malabar
CEPA and the Quad.
6. Japan India Maritime Exercise (JIMEX) was conducted in
January 2012 off the Japanese coast.

Technology and Innovative Collaboration for India Japan

Relations

1. Agreement of cooperation between India and Japan was

signed in 2015 for peaceful use of Nuclear Energy.
 2. Agreement of supply of rare earth Chloride between India
Rare Earths Limited (IREL) and Toyotsu Rare Earths India
(TREI).
3. India Japan digital partnership between both the countries for
frontier technology collaboration for a range of technologies
like AI, 5G, IoT, and space research. It was launched in October
2018 during PM Modi’s visit to Japan.
4. Investors – Development Bank of Japan, Mizuho Bank, Nippon
Life and Suzuki, have signed letters to fund 200 Indian
companies focused on emerging technology.
5. Japan-India Space Dialogue was announced in October 2018
by the Prime Minister of both countries.
6. Japan continues to extend economic cooperation with
continued investment to better connect Northeast India and
Andaman & Nicobar Islands.

A Way Forward in the Future

1. Japan wants to promote its investments in a stable and
growing nation. With an economic growth rate comparable to
those of other countries for the past ten years, India is the
ideal nation to invest in for this reason.
2. Continuation of balancing security policy is necessary for India
Japan Relations. Both countries have concluded military pacts
like Acquisition and Cross-Servicing Agreement (ACSA) logistics
agreement.
3. India and Japan’sJapan’s support Free and Open Indo-Pacific
and continue working with Quad, which is central to the
security strategies of both countries.
4. Create a stronger India Japan digital partnership by resolving
data localization issues. There should be attempts to resolve
disagreement on data localization insisted by India. The issues
should be resolved to balance the global security
agreements.
Conclusion
India Japan Relations dates back in history and strengthened with
robust economic investment, defense partnership, and technological
collaboration. Official Development Assistance (ODA) by Japan to
India aims at infrastructural development and strategic completion of
large scale projects. One of the significant relationships between
India and Japan is through India Japan digital partnership, which
involves Japan investment in Indian companies involved in
developing emerging technologies. Japan is India’s 6th largest
foreign direct investor aiming at infrastructural and sectoral progress
and development.

THANK YOU