The meeting was held in the backdrop of a newly formed centre in the Japanese foreign ministry to assist Japanese companies looking to expand into the bigger Indian market and ahead of Quad foreign ministers meeting here later this month. The Quad meeting will focus on critical mineral supply chains and emerging technology.
Foreign Secretary Vikram Misri co-chaired the 2nd round of the India-Japan Economic Security Dialogue here on Monday with Vice Minister, Ministry of Foreign Affairs of Japan Takehiro Funakoshi and Vice Minister- International Affairs, Ministry of Economy, Trade and Industry Takehiko Matsuo.
The Dialogue was attended by senior representatives from India’s National Security Council Secretariat, and ministries of mines, new and renewable energy, electronics and information technology, and heavy industries. It also had representatives of various departments of the central government including telecom, pharmaceuticals, atomic energy and the Department for Promotion of Industry and Internal Trade, according to an official statement.
Senior officials from the ministry of foreign affairs, National Security Secretariat, ministry of economy, trade and industry and internal affairs and communications attended the Dialogue from the government of Japan.
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Productive discussions were held on advancing industrial and technological collaboration in five sectors: critical minerals, semiconductors, ICT including AI and telecom, clean energy and pharmaceuticals, an official said. During the Dialogue, both sides agreed on the need for closer public-private partnerships to protect economic interests with a view to building resilient supply chains, particularly in the current geopolitical context.
The Economic Security Dialogue was followed by the bilateral between Misri and Funakoshi. Both sides held an extensive exchange of views on a range of bilateral issues covering defence, security, trade and investment, technology, innovation and P2P engagement in addition to regional and global issues of mutual interest, an official informed.
The two sides also discussed cooperation to secure energy sources in the backdrop of the war in West Asia.
