New Delhi: In a bid to strengthen the commercial ties between the two countries, India and Japan on Monday agreed to boost cooperation in infrastructure projects in DMIC, railways and energy sectors at their first Economic Dialogue.
Besides the Delhi-Mumbai Industrial Corridor, the two countries also agreed to accelerate cooperation in infrastructure development in the areas along the Chennai-Bengaluru Industrial Corridor.
"We discussed the entire gamut of issues in which our two countries cooperate. In particular, we agreed on how to accelerate cooperation in the flagship DMIC," External Affairs Minister S M Krishna, who along with his Japanese counterpart Koichiro Gemba co-chaired the Dialogue, told reporters here.
India\'s ambitious $90 billion DMIC project is aimed at creating industrial infrastructure along the Delhi-Mumbai Rail Freight Corridor.
A joint statement issued by the commerce ministry said that the two sides shared the views on the importance of further promoting investments and supporting industries in the region through improving infrastructure such as ports, industrial parks and their surrounding facilities in Ennore, Chennai and the adjoining areas and stable power supply.
The two sides also decided to consider the possibility of strengthening their bilateral cooperation in the energy sector through establishing statistics databases for various segments including high energy consuming industries.
"We also discussed cooperation in the railways sector including the ongoing Dedicated Freight Corridor project as well as the possibility of India obtaining High Speed Rail technology from Japan," Krishna said.
India's ambitious $90 billion DMIC project is aimed at creating industrial infrastructure along the Delhi-Mumbai Rail Freight Corridor, which is under implementation. Japan is giving financial and technical aid for the project, which will cover seven states totalling 1,483 kilometers.