On May 11, 2026, India and Japan held the 2nd India-Japan Economic Security Dialogue in New Delhi, co-chaired by Foreign Secretary Vikram Misri and Japanese Vice Ministers Takehiro Funakoshi and Takehiko Matsuo.
The dialogue forms part of the broader India-Japan Economic Security Initiative launched during the two countries’ 15th Annual Summit in August 2025. It is intended to strengthen cooperation in strategic sectors increasingly linked to national security, industrial resilience, and technological competitiveness.
Discussions focused on five key areas: critical minerals, semiconductors, ICT and AI, clean energy, and pharmaceutical supply chains. Both sides also reviewed recommendations submitted through a prior private-sector dialogue between CII and Keidanren, aimed at reducing trade barriers and improving industrial coordination.
The meeting emphasized the importance of building resilient and diversified supply chains amid growing geopolitical and technological disruptions. Both countries agreed to deepen public-private partnerships and strengthen long-term industrial collaboration across emerging technologies and strategic manufacturing sectors.
Key Sectors of Strategic Cooperation
Critical Minerals: Securing supply chains for minerals essential to batteries and clean technologies.
Semiconductors: Expanding cooperation in chip manufacturing, design, and supply-chain resilience.
ICT and AI: Collaboration on advanced telecom systems, AI technologies, and secure digital infrastructure.
Clean Energy: Joint work on green hydrogen, battery storage, and renewable technologies.
Pharmaceuticals: Strengthening transparency and reliability in API and medicine supply chains.
Policy Relevance
Reducing Import Dependencies: Collaborative sourcing of critical minerals with Japan helps India reduce its over-reliance on concentrated global suppliers for EV battery and electronics manufacturing.
"Semicon India" Goals: Technical and industrial synergy with Japan, a global leader in semiconductor equipment and materials, is vital for India's goal of becoming a global chip hub.
Secure 5G/6G Rollout: Cooperation in ICT and Telecom ensures that India’s digital public infrastructure remains secure and built on trusted, interoperable hardware.
"Aatmanirbhar Bharat" in Pharma: Joint pharmaceutical supply chain projects help stabilize the flow of raw materials, ensuring that India remains the "Pharmacy of the World" even during geopolitical volatility.
Public-Private Synergy: By incorporating feedback from the CII-Keidanren dialogue, the government ensures that policy decisions directly address the operational hurdles faced by Indian and Japanese businesses.
Relevant Question for Policy Stakeholders: As India and Japan move toward public-private partnerships in semiconductors, what specific regulatory incentives can the Ministry of Electronics and IT (MeitY) offer to Japanese material suppliers to set up 'certified plants' in India's emerging semiconductor clusters?
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