The meeting was held on the sidelines of the G-7 Summit in Apulia, Italy.
- Both major democracies share converging interests amidst the rise of China in the Indo-Pacific.
Key dimensions of bilateral cooperation
- Political:
- Since 2014 both the countries have elevated relation to ‘Special Strategic and Global Partnership.
- India-Japan Act East Forum established to provide a platform for collaboration under India’s “Act East Policy” and Japan’s “Vision of a Free and Open Indo-Pacific
- Economic:
- Signed the Comprehensive Economic Partnership Agreement.
- Japan's bilateral trade with India totalled US$ 21.96 billion during FY 2022-23.
- India has been the largest recipient of Japanese ODA loans for decades.
- Security:
- Established Foreign and Defense Ministerial Meeting (“2+2” meeting),
- Bilateral logistics agreement for reciprocal provision of supplies and services between the Defense Forces of both countries,
- Military exercises like Veer Guardian, 'DHARMA GUARDIAN', Malabar etc.
- Infrastructure:
- Mumbai-Ahmedabad High-Speed Rail Project,
- Japan-India Clean Energy Partnership.
- Other Multilateral Cooperation
- Jointly launched Asia Africa Growth Corridor
- Members of Quadrilateral Security Dialogue and India-Japan-Australia Supply Chain Resilience Initiative (SCRI).
- Japan has joined India-led initiatives such as the International Solar Alliance (ISA), Coalition for Disaster Resilient Infrastructure (CDRI), etc.