On Friday, a memorandum of understanding (MoU) was signed by India and Japan to upgrade collaboration in the field of Information and Communications Technology (ICT), including 5G technology.
Both the nations are together going to coordinate and cooperate for bringing progress and development in the field of 5G technologies, submarine optical fibre cable system to islands of India, telecom security, smart cities, spectrum management, disaster management, high altitude platform for broadband in unconnected areas and public safety.
The two nations mutually agreed upon this MoU as partners and it was signed during a virtual video conference session between the Minister for Communications, Electronics and IT, Ravi Shankar Prasad and Japan’s Minister for Internal Affairs and Communications, Takeda Ryota.
India and Japan’s coherent efforts and implementations
Ravi Shankar Prasad mentioned an example of the Andaman and Nicobar Islands being connected with submarine optical fibre, displaying the high levels of cooperation and efficiency between the two neighbouring nations, India and Japan.
Indian market’s potential for attracting investors
He also stated various progressive actions taken by India during the pandemic in the tech world, such as Aarogya Setu and utilisation of Aadhaar Enabled Payment Systems. Due to the policies like PLI and SPECS, India was able to garner a large number of investments in the sector of electronics manufacturing. Using these examples, he urged the Japanese to harness such potential by investing in Indian technologies.
The most recent agreement between India and Japan
Earlier, Japan had signed a loan agreement worth 50 billion yen (upto ₹3,550 crore) for providing aid to the health and medical policy for the economic support programmes in New Delhi, that is set up to provide a helping hand to the poor and vulnerable affected by the pandemic.