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Friday, December 21, 2012

Japan India Partnership

The Japan India partnership is the most strategically important development for the two nations in the light of the growing threat of China. In fact, relationship with Japan is as important to India as with USA for the future economic growth and national security.

The reasons are: Japan and India, are both secular democracies with commitment to human freedom and betterment. Both, are at a critical mass in terms of technology trades, joint ventures and knowledge based industries. This is where India stands to benefit heavily. Japan is the world's leading supplier of machine tools, controllers, instrumentations, automotive products, electronics and integrated systems.

The factory based economies of Korea, Taiwan and large part of China are there today because of Japan. What India can offer to Japan is lower cost production base, large market and common interest in defence against future potential threat from China. Its a win-win proposal.