New Japan PM Good for India, Too

Indian officials believe Shinzo Abe’s landslide election victory this weekend means the long-awaited bilateral nuclear agreement with Japan “will come through”. Earlier attempts by Tokyo have foundered due to India’s unwillingness to sign the test ban treaty. Not only is Liberal Democratic Party’s Abe the most pro-Indian prime minister Japan has ever had, he campaigned on an openly pro-nuclear platform. His victory indirectly boosts India’s nuclear programme by laying to rest the ghost of Fukushima. Despite the accident, Japan’s Sankei newspaper says this election saw pro-nuclear legislators increase their number from 132 to 346.

Indian officials expect Abe to robustly push Japanese investment into the country.

Japanese firms already are big investors, but more would come if they get a “helping hand” from Tokyo.

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Japan opens up to Nuclear-business with India

A nuclear agreement between India and Japan may be still some distance away, but a high technology relationship between the two Asian countries is taking off steadily. Japan, which used to refuse to do business with Indian entities in the strategic nuclear sector, is getting ready to open up to them.

In its latest decision that could have a significant impact on Indias hi-tech sector, Japan has taken seven Indian entities off its Foreign End Users List, which was issued by Japans METI on Thursday. Now, these entities can have transactions with Japanese companies on nuclear, dual-use and military technology and equipment.

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Japan and India sign a bilateral economic partnership accord

Japan and India signed a bilateral economic partnership agreement Wednesday that will strengthen ties with the fast-growing South Asian market of 1.15 billion people.

The EPA will remove tariffs on 94 percent of the bilateral total trade in terms of value, which was about ¥900 billion in 2009, within 10 years.

Foreign Minister Seiji Maehara and Indian Commerce Minister Anand Sharma signed the agreement in Tokyo, making India the 12th country to sign a free-trade agreement with Japan.

At the ceremony, Maehara expressed hope that the newly signed agreement will "promote a strategic partnership between the two countries so that they can establish win-win relations and achieve growth.

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Japan to support green city projects abroad

Japan is financially backing its companies that are seeking to build "green cities" — communities with low pollution and renewable energies — in India and elsewhere, a report said Thursday.

The public-private Innovation Network Corp. of Japan plans to invest up to 130 billion yen ($1.5 billion) in such eco-community projects, more of which are planned for China and Southeast Asia, the Nikkei daily said.

The Ministry of Economy, Trade and Industry has set aside 40 billion yen in funds within its investment and loan programme for fiscal 2011 to cover the fund supply for smart-community development abroad, the daily said.

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