India-Japan summit: inked pacts on bullet train, defence and nuclear energy - Central Gyan Current Affairs-GK

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Saturday, 12 December 2015

India-Japan summit: inked pacts on bullet train, defence and nuclear energy


India and Japan today signed a number of pacts in key areas of transportation, defence and nuclear energy. Japanese Prime Minister Shinzo Abe is on a three-day visit to India. In a joint statement issued at the end of annual delegation-level talks, India and Japan reiterated their unwavering commitment to realise a peaceful, open, equitable, stable and rule-based order in the Indo-Pacific region and beyond.

Key Points:

India’s first bullet train network will come up between Mumbai and Ahmedabad at a cost of Rs 98,000 crore.

The high-speed rail network will be built on the Shikansen model known for its reliability and safety.

Tokyo will provide India with a $12 billion package of financing and assistance for the train, including a low-cost, long-term loan.

‘Visa on arrival’ will be extended to all Japanese citizens from March 1, 2016.

The two sides also signed agreements – one concerning the Transfer of Defence Equipment and Technology and another related to Security Measures for Protection of Classified Military Information.

Japan will also be made a partner in the Malabar Exercise, a naval drill conducted annually by the United States and India, to help counter "maritime challenges" in the region.