♤ FDI flows from Japan have almost tripled in last three years (2014-2017).

1.3. Technology Cooperation

♤ The bilateral Science & Technology Cooperation Agreement signed in 1985 underpins the bilateral S&T cooperation. The India-Japan Science Council (IJSC) was established in the year 1993.

♤ In 2006, Department of Science and Technology (DST) initiated a value based partnership working on the principles of 'reciprocity and co-funding with the Japan Society for the Promotion of Science (JSPS) and Japan Science and Technology Agency (JST) through MEXT (Ministry of Education, Culture, Sports, Science and Technology).

♤ Since May 2015, about 250 students have visited Japan under the annual “Japan-Asia Youth Exchange Program in Science” also known as the “SAKURA Exchange Program" implemented by DST and JST.

♤ During the September 2017 visit of Abe to India marked the commencement of the Mumbai-Ahmedabad high speed rail project (bullet train) with financial and technological support of Japan.