India-Japan Bilateral Security and Defense Cooperation

• India and Japan agreed to promote bilateral security and defense cooperation, including defense manufacturing.

• The two sides should work jointly to implement their decision of 5 trillion yen for public and private investment and financing from Japan to India over the next five years.

• India emphasized the steps taken to improve ease of doing business and logistics through the 'Gati Shakti' initiative and urged Japan to increase Japanese investment in India.

• Such investments will help in building a resilient supply chain and will be mutually beneficial.

• India appreciated that Japanese companies are increasing their investment in India and 24 Japanese companies have successfully applied under various production related incentive schemes.