ISRO and JAXA Join Forces for Chandrayaan-5: PM Modi

Quick Summary

• Proclamation: Prime Minister Narendra Modi revealed a collaboration between India’s ISRO and Japan’s JAXA for the Chandrayaan-5 lunar mission during his visit to Tokyo.
• PM Modi’s Speech: Modi stated the partnership would symbolize mankind’s progress in space, highlighting a broader strategic and scientific connection between India and Japan.
• Economic Cooperation: India positioned as a reliable global investment partner with over USD 40 billion in Japanese investments. Modi emphasized India’s political stability, rapid economic growth, and predictability for investors.
• Sectoral Expansion: PM announced policy reforms allowing private participation in nuclear energy alongside similar moves in defense and space industries, facilitating technological exchange with Japan.
• Indo-Pacific Strategy: Both nations reinforced their support for the Quad framework to ensure regional security and openness in the Indo-Pacific region.
• Bilateral Projects: Collaboration spans infrastructure development, frontier technologies (AI, robotics), human capital exchange thru programs like Talent Bridge, clean energy initiatives (e.g., biogas), and sustainable development goals.
• Trade Figures: Bilateral trade reached USD 21 billion within the first three quarters of FY 2024-25; Japan ranks as India’s fifth-largest source of FDI.

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