QuoteThe government exists, and should exist, for the benefit of the people, the Janata Janardan: PM Narendra Modi
QuoteOur government has done more for states, regardless of the party they are ruled by, than any government since Independence: PM Modi
QuoteThe world is interconnected & interdependent, be it tech. or trade, in movement of people or capital & in research & innovation: PM
QuoteIn a democracy, there will be parties with their own policies & priorities. This is a basic feature of a vibrant democracy: PM

You have completed two years as Prime Minister. What do you consider the biggest gain for the government? Is there anything that you feel the government could have achieved but has not yet — any regrets?

From my point of view what we need is not the government’s gain but the country’s gain. The government exists, and should exist, for the benefit of the people, the Janata Janardan. When we assess the last 25 months, we have to do so in comparison to the period before that. When we took office, there was a pervasive atmosphere of gloom and pessimism. Newspapers were filled with scams and their aftermath. In the preceding months, share prices had fallen and India’s stock in the global market place had also fallen. Inflation was high. Above all, the common citizen felt helpless. Today, all of these have disappeared along with the previous government. There is belief and there is hope. A strong foundation has been laid for a takeoff. This transformation from gloom to confidence in the future and from economic decline to sustained growth has the potential to transform India.


As regards regrets, I am not sure if my answer will be to your liking. Before and during the parliamentary elections, there was a section of the media which strongly hoped that we would not win. My regret is that in the last two years, I have not been able to convince or persuade that section regarding our point of view. My challenge is to win over these sceptics, and persuade them of our sincerity and good intentions.

Countries across the world appear to have become more inward-looking; Brexit is one of the signs. Do you think global trade, including movement of people, will suffer in the near future?

The world is witnessing several crucial developments. It is important to view them in their correct perspective, and separate local drivers from regional and global impulses. For centuries it has been clear that for each country its own interests are supreme. It is with supremacy of these interests in mind that each country seeks to build its externalities and connect with other countries in the world. Global linkages can be strengthened by harnessing the interests of other countries. Today, whether it is technology or trade, in movement of human resources or capital and in research and innovation, we live in an interconnected and interdependent world. And, the nations naturally keep their interests in mind even as they forge bonds of economic cooperation with other countries. Regarding Brexit, it is a subject that requires in-depth examination. In this regard, we will take correct decisions keeping in mind our interests.

You have often talked about cooperative federalism. But there has been criticism that you are not accommodating enough of other parties, and other party-ruled states. Delhi, Uttarakhand, West Bengal, have complaints against the Union government. Wouldn’t you like to them along on the path to development?

If you look at the facts, you will find that this government has done more for states, regardless of the party they are ruled by, than any government since Independence. The recommendations of the 14th Finance Commission led to an increase in the states’ share of central taxes from 32% to 42%. Despite advice to the contrary from many civil servants, we decided to accept the recommendations. Initially, some of our critics said the increase would be offset by reduction in centrally sponsored schemes. The figures for fiscal year 2015-16 are now available and they show clearly that even after adjusting for the unavoidable cuts in centrally sponsored schemes, the overall transfer from the Centre to the states has increased by over 21% in 2015-16. The total additional resources transferred to the states, after adjusting for the reduction in centrally sponsored schemes, was nearly Rs 1,44,800 crore. The increased devolution has been made strictly in accordance with the recommendations of the Finance Commission, a non-partisan body appointed during the tenure of the previous government. To give you some examples, the net increase in resources transferred to West Bengal was 37%, to Kerala 38%, to Telangana 25%, to Himachal Pradesh 49% to Uttar Pradesh 22% and to Karnataka 21%. I am proud of my government’s record in treating opposition-ruled states as full and as equal partners in ‘Team India’.

Let me give you another concrete example. The sharp reduction in the Centre’s share of taxes made by the Finance Commission necessitated redesign of centrally sponsored schemes. In fact the Commission had recommended their scrapping. Since Independence, the structure and funding pattern of centrally sponsored schemes have always been decided by the Centre unilaterally. This time, we constituted a sub-group of chief ministers under NITI and gave them the task of evolving a new pattern. This sub-group, which included the chief ministers of Kerala, Uttar Pradesh and Telangana among others, came up with unanimous recommendations and we accepted the recommendations as soon as they were presented. There can be no greater testimony to our commitment to taking along all the states with us on the path of development.

China has constantly created hindrances to India’s interests, be it in trade or more recently NSG. While New Delhi can look Beijing in the eye, how can you leverage your strengths to discourage China from making such adverse interventions?

Your question suggests that international relations are a zero-sum game. I believe that nations can move forward in their own interest in several areas while managing differences in other areas. No country is an island unto itself today. We have to work together. India and China are neighbours, important players in Asia and increasingly significant actors on the global stage. We need to work together more, understand each other’s interests and priorities and be sensitive to mutual concerns and interests. But, I also firmly stand by what our strategic interests are and will continue to pursue them strongly.

How important is winning Uttar Pradesh for you and for your party? Would you look at the verdict as a referendum on the central government?

Uttar Pradesh has its own importance. Keeping in mind the conditions that have been created in the state in the last 15 years, the only way to save the state is through development. And only the BJP can guarantee development. Fifteen years of misrule has resulted in the state declining not just in the field of education, but also in industrial development. In the ranking of the composite educational development index — U-DISE — Uttar Pradesh was at the bottom among all states and Union territories in 2014-15. This ranking was based on four parameters: accessibility of schemes for the people, infrastructure, teachers, and outcomes. So this means Uttar Pradesh is in bad shape on each of these parameters. Our strategy will be to take Uttar Pradesh on the path of development. The Union government has especially approved projects worth more than Rs 1 lakh crore for Uttar Pradesh. Out of this, Rs 68,000 crore is for roads, and Rs 27,000 crore for railway, power and petroleum projects.

We must pay attention to balanced industrial development in the state. Eastern Uttar Pradesh cannot be neglected. It is an area that is economically, educationally, and industrially backward. To reduce this imbalance, we are investing significantly in the region for the Dedicated Freight Corridor project. Eighteen nodes are proposed along the Dedicated Freight Corridor, which will spur development. The corridor will also provide a boost to chemical, cement, fertiliser and other industries. The Union government is also working to restart the fertiliser plant in Gorakhpur at a cost of Rs 6,000 crore. A new AIIMS is also proposed in eastern Uttar Pradesh. These steps will transform the industrial and economic landscape of eastern Uttar Pradesh.

You have often expressed your exasperation with the Opposition as far as pushing the legislative agenda of the government is concerned. Do you really think you can still work out an amicable formula with the Opposition for meeting your targets?

In a democracy, there will always be parties with their own policies, their own strategies and their own priorities. This is a basic feature of a vibrant democracy. But along with their priorities and compulsions, all parties also have to keep in mind the larger good and keep the country above party considerations. It is for this reason that I had said in Parliament that even in the Lok Sabha, though in arithmetic terms we have a majority of our own, it will always be our intention to seek consensus and proceed on the basis of general agreement. I am happy to see that in two years of this Parliament, it has been extremely productive. Apart from the completion of much legislative work, we have also witnessed healthy debates on topics of national importance ranging from the 125th birth anniversary of Dr Ambedkar, to drought, to the attack in Pathankot. These debates took place in a healthy spirit.

In terms of the legislative agenda, most parties have cooperated with the government in the national interest. In your question, you have lumped together the entire Opposition. The fact is that barring one party, the Opposition has been constructive in pursuing the larger national interest. The whole nation knows that it is only one party which, unable to adjust to the reality of its defeat, has made obstructionism its response to every issue, regardless of the negative consequences for the nation.

Source: Indian Express

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  • Jitendra Kumar May 09, 2025

    ❤️❤️🇮🇳
  • Amrita Singh September 22, 2024

    हर हर महादेव
  • दिग्विजय सिंह राना September 18, 2024

    हर हर महादेव
  • JBL SRIVASTAVA May 27, 2024

    मोदी जी 400 पार
  • rajiv Ghosh February 13, 2024

    abki baar 400 paar, Modi ji jindabad
  • Dr Niranthara Ganesh February 09, 2024

    har har mahadev
  • Babu Khandade February 01, 2024

    विकसित भारताचा संकल्प
  • Uma tyagi bjp January 31, 2024

    जय श्री राम
  • Arpita Narayan January 25, 2024

    joy joy
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Fact Sheet : India-Japan Economic Security Cooperation
August 29, 2025

The India-Japan Special Strategic and Global Partnership, anchored in our shared values and mutual respect, is critical to advancing the security and prosperity of both countries. Cooperation in the field of economic security is a key pillar of our bilateral cooperation emanating from a growing convergence in our strategic outlook and economic imperatives.

As two vibrant democracies and free market economies, India and Japan are committed to accelerating their partnership in critical and emerging sectors based upon our political trust, economic dynamism and natural complementarity.

● India and Japan launched the first round of the India-Japan Dialogue on Economic Security including Strategic Trade and Technology chaired at Vice Foreign Minister/Foreign Secretary level in November 2024.

● Through the existing government-to-government mechanisms as well as the Dialogue on Economic Security, including Strategic Trade and Technology, India and Japan shared policy perspectives on foreign policy and security challenges emanating from certain economic inter-linkages.

● India and Japan resolved to advance bilateral cooperation in building resilient supply chains and secure critical infrastructure, promoting and protecting key technologies and addressing bilateral impediments to strategic trade and technology collaboration.

● India and Japan recognized key sectors that will receive heightened priority for strategic collaboration: semiconductors, critical minerals, pharmaceuticals, clean energy and information and communication technology

● The Government of India and the Government of Japan support private sector-led efforts that safeguard the national economic security interests of both countries.

● India and Japan welcomed the launch of the India-Japan Private-Sector Dialogue on Economic Security between Keidanren (Japan Business Federation) and the Confederation of Indian Industry (CII) and expressed their expectation of close public-private cooperation to advance concrete actions in strategic sectors, following the Joint Action Plan on India-Japan Economic and Security Cooperation proposed by Japan External Trade Organisation (JETRO), CII and Japan Chamber of Commerce and Industry in India (JCCII).

Semiconductors

● The Ministry of Electronics and Information Technology of India (MeitY) and the Ministry of Economy Trade and Industry of Japan (METI) signed a Memorandum of Cooperation on India-Japan Semiconductor Supply Chain Partnership in July 2023 strengthening cooperation towards enhancing the semiconductor supply chain.

● India and Japan held meetings under the India-Japan Semiconductor Policy Dialogue, which brought together government organizations, companies and educational institutions, to explore opportunities for resilient supply chains, talent and R&D in semiconductor.

● India and Japan appreciated that the private sector engages in a variety of activities including ones that contribute to economic security. They welcomed the following efforts, which diversify the semiconductor supply chain and strengthen bilateral cooperation including talent and supporting development of semiconductor industries in India in line with the Make in India initiative:

◦ Establishment of a semiconductor OSAT in Sanand, Gujarat by Japanese semiconductor firm Renesas Electronics with CG Power

◦ Signing of two MoUs between Renesas and the Centre for Development of Advanced Computing in May 2025 under the Chips to Startup (C2S) programme of MeitY. These MoUs will enhance industry-academia collaboration and enable local startups to drive technological advancement and promote local manufacturing; and,

◦ Renesas signed an MoU with IIT Hyderabad in June 2024 for research and collaboration in the field of VLSI and embedded semiconductor systems.

◦ Tokyo Electron and TATA Electronics launched a strategic partnership to establish a semiconductor ecosystem in India.

● Japan and India continue to strengthen their collaboration on economic security and collective resilience through the Quad, particularly through the Semiconductor Supply Chains Contingency Network.

● India and Japan signed and exchanged notes concerning Japan’s yen loan project titled Tamil Nadu Investment Promotion Program (phase 3) to support the fund established by the Government of Tamil Nadu for Indian venture and start-up companies in emerging technology fields, including the semiconductor industry.

Critical Minerals

● India and Japan are working together to bolster critical minerals supply chains through partnership in the Mineral Security Partnership and the Indo-Pacific Economic Framework and Quad Critical Minerals Initiatives.

● Ministry of Mines of India and METI of Japan signed a Memorandum of Cooperation in the field of Mineral Resources in August 2025.

● India and Japan deepened their collaboration through the Toyota Tsusho’s rare earth refining project in Andhra Pradesh which aims to establish a stable supply chain for rare earth materials.

Information and Communication Technology

● Ministry of Internal Affairs and Communication (MIC) supported the Open RAN pilot project in India and resolved to further deepen their collaboration in this sector.

● NEC and Reliance Jio established a strategic partnership to collaborate on information and communication technology infrastructure and technology, particularly on 5G technology and Open RAN.

● NEC, through its Centre of Excellence Laboratory in Chennai, promoted end-to-end Open RAN system development.

● Ministry of Communications of India and MIC of Japan held the 7th India-Japan ICT Joint Working Group meeting in May 2022 under the India-Japan ICT Cooperation Framework which aims to foster collaboration in emerging technologies.

● India and Japan will continue to deepen collaboration in joint projects through the Japan ICT Fund (JICT) and the Japan Bank for International Cooperation (JBIC).

● NTT plans to continue to expand its data center business (currently 20 data centers) through implementation of investment and financing through JICT and JBIC.

Clean Energy

● India and Japan welcomed the Joint Statement of the 11th India-Japan Energy Dialogue held in August 2025.

● India and Japan welcomed the signing of the Memorandum of Cooperation on the Joint Crediting Mechanism (JCM).

● The Ministry of New and Renewable Energy of India and METI issued a Joint Declaration of Intent on Clean Hydrogen and Ammonia.

● IHI Corporation, Kowa and Adani Power Ltd. signed a collaboration for ammonia co-firing demonstration at Mundra Power Plant in Gujarat.

● JBIC and Osaka Gas signed an arrangement for forming a co-investment partnership with Clean Max, called Clean Max Osaka Gas Renewable Energy Pvt. Ltd., to own and operate a 400MW renewable energy portfolio including existing and new development assets, primarily in Karnataka, over the next three years.

● India and Japan will continue their cooperation in biofuels including through international frameworks such as the Global Biofuels Alliance.

● India and Japan welcomed the initiative for promoting battery supply chain cooperation, including the business matchmaking and roundtable organized in India by JETRO and Government of Japan on battery and critical minerals supply chain with participation of over 70 companies and government organizations.

● India and Japan welcomed the promotion of investment in environmental conservation and other areas through the India-Japan Fund established by the Government of India and JBIC

● JBIC and Power Finance Corporation Limited signed a loan agreement amounting up to JPY 60 billion to support a bamboo-based bioethanol production project in Assam, Northeastern India, being implemented by Assam Bio Ethanol Private Limited.

● JBIC implemented measures of financing support including financing for investment projects of Japanese automotive parts companies (Yokohama Rubber, Yazaki Corporation, etc.), loans to strengthen the supply chains of Japanese automobile manufacturers (environmentally friendly vehicles) and support for railway container transport business of Japanese logistics companies (Konoike Transport) to contribute to India's modal shift.

Scientific Cooperation

● India and Japan are deepening their S&T engagement this year celebrating it as the Year of Science, Technology and Innovation Exchanges.

● India and Japan held the 11th Joint Committee Meeting on Science and Technology Cooperation in June 2025 and held discussions on the full range of scientific cooperation particularly in new and emerging technologies such as AI, quantum technologies, biotechnology, climate change technology and space.

● India and Japan have conducted several joint demonstration experiments on Vehicle-to-Everything (V2X), held annual Technical-Workshops on V2X System since 2019, and pursued opportunities to collaborate on V2X technologies and Intelligent Transportation Systems.

● India and Japan implement international joint calls for proposals in cutting-edge fields through SICORP between the Japan Science and Technology Agency (JST) and DST.

● India and Japan launched the India-Japan AI Cooperation Initiative that will promote strategic collaboration in AI through joint research, promotion of initiatives between universities and companies, collaboration on the development of Large Language Models (LLMs), and cooperation toward fostering a trustworthy AI ecosystem.

● India and Japan renewed the MoC on Digital Partnership 2.0 in 2025 to promote collaboration in digital sector, including semiconductors, AI, Digital Public Infrastructure, R&D, start-ups.

● India and Japan strengthened the human resource exchange in cutting-edge fields by supporting Indian students, including postgraduate and doctoral students, to conduct research in Japan such as the LOTUS programme and Sakura Science Exchange Program and facilitate matching with Japanese companies through internships.

● The Ministry of Education Culture, Sports, Science and Technology (MEXT) signed a Joint Statement of Interest (JSOI) with India’s Ministry of Science and Technology to promote collaboration in scientific exchanges and research and development.

● NTT DATA, cloud platform company Neysa Networks and the Government of Telangana signed a contract to set up an AI data centre cluster in Hyderabad with an investment of INR 10,500 crores.

Pharmaceuticals

● Japan Agency for Medical Research and Development, the Department of Science and Technology and the Indian Council of Medical Research will sign an MoC on cooperation in health and medical research under Japan’s Strategic International Collaborative Research Program.

● An MOC was signed between the Central Drugs Standard Control Organization (CDSCO) of the Ministry of Health and Family Welfare of the Government of the Republic of India and the Ministry of Health, Labour and Welfare of Japan.

● India and Japan will continue to collaborate on efforts to build a resilient supply chain through the Biopharmaceutical Alliance among like-minded countries.

● JBIC is providing loans for investment projects by Japanese companies in the chemical and pharmaceutical industries for small and medium-sized enterprises.

Expanding our Partnership

Japan and India, recognising their shared interest in safeguarding critical economic interests in the backdrop of evolving global challenges, commit to advancing cooperation in the field of economic security. Anchored in their common vision for a rules-based economic order in the Indo-Pacific and beyond, both countries will continue to deepen collaboration across government, industry, and academia to build resilience in strategic sectors, enhance technology and infrastructure security, and promote trusted and transparent frameworks.