India, China should work together for global economic order: Modi

Tokyo: Prime Minister Narendra Modi on Friday said it is important for India and China to work together to bring stability to the world economic order as he asserted that New Delhi is ready to advance bilateral ties from a strategic and long-term perspective based on mutual respect, mutual interest and mutual sensitivity, PTI reported.

In an interview with The Yomiuri Shimbun published during his ongoing visit to Japan, Modi also asserted that stable, predictable, and amicable bilateral relations between India and China, as two neighbours and the two largest nations on earth, can have a positive impact on regional and global peace and prosperity.

Asked about the importance of improving relations with China at this time, Modi said, “At the invitation of President Xi Jinping, I would be travelling to Tianjin from here to take part in the SCO Summit. Since my meeting with President Xi in Kazan last year, steady and positive progress has been made in our bilateral ties.”

Meanwhile, India and Japan made their ties stronger on Friday. Japan set an investment target of 10 trillion yen (approx Rs 60,000 cr) in India over a decade, and the two sides sealed a raft of big-ticket pacts, including a framework for defence ties and a 10-year roadmap to largely boost economic partnership — decisions that came amid turbulence triggered by Washington’s trade policies.

The new measures to further expand India-Japan special strategic and global partnership were unveiled following summit talks between Prime Minister Narendra Modi and his Japanese counterpart, Shigeru Ishiba. The two sides firmed up 13 key pacts and documents and announced the launch of several transformative initiatives, including an economic security architecture to promote supply chain resilience in strategic sectors such as semiconductors, clean energy, telecom, pharmaceuticals, critical minerals and new and emerging technologies.

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