General Awareness

April 04, 2017 @ 01:15 PM

April 04, 2017 @ 01:15 PM

K. J. Somaiya Institute of Management Studies and Research, Mumbai

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India creates synergy with Japan

MBA aspirants must be updated with General Awareness on current topics. General awareness topics with analytically drawn conclusions will benefit you in Essay writing   / GD & PI. Today, you will read General Awareness Topic:

India creates synergy with Japan

India and Japan, two of the fastest growing economies in Asia, arranged a meeting recently to strengthen security cooperation and enhance nuclear technology. 
 
Japanese Prime Minister Shinzo Abe and Indian Prime Minister Manmohan Singh agreed to speed up the talks on a deal that will allow Japan and India to share nuclear technology.
 
Both India and Japan have a common enemy and competitor in the region – China, and they are planning to work closely to prevent China from attacking either of the two countries.
 
Prime Minister Manmohan Singh’s meeting with the Japanese Prime Minister comes one week after Chinese premier Li Keqiang visited India to strengthen trade and business ties. 
 
Sadly, the meeting between India and China did not end well because of the recent border dispute between the two countries. India and China have had border issues which have not been resolved for decades, and one meeting would definitely not turn enemies into friends. 
 
In addition, India is wary about China’s friendship with Pakistan, which is why India has decided to create synergy with Japan. 
 
Japan too has not been in China’s good books due to territorial dispute between the two countries over several East China Sea islands. 
 
Given the fear of China’s maritime expansion in the East China Sea, India and Japan have decided to cooperate on maritime issues and protect one another in the event China shows hostility towards either of its neighbors. 
 
During the recent meeting, Japan and India looked into civil nuclear cooperation too. India is often faced with power shortages, which is detrimental to the progress of many industries. 
 
Due to power shortages, production is halted and revenue of firms gets affected. This is the reason why India is planning to build nuclear reactors despite receiving strong resistance from international bodies on the basis of safety. Japan is keen on signing a civil nuclear energy pact with India to gain access to India’s growing consumer base. 
 
By signing a pact with India, Japanese firms that specialize in nuclear technology such as Hitachi and Toshiba will be able to expand their market and avoid anti-nuclear backlash in Japan that had resulted because of Fukushima radiation crisis. 
 
At present, India has 20 small reactors in six places. They are operating at a capacity of 4,780 MW. By 2032, the Nuclear Power Corporation of India is planning to increase the number of reactors in the country to 50 and enhance the capacity of the reactors to 63,000 MW. 
 
This can be achieved by strengthening cooperation with Japan, which is considered one of the most technologically advanced countries in the world.
 
According to Prime Minister Manmohan Singh, India and Japan are indispensible partners who will help each other in times of need, be it in economic crisis, political uncertainties or social conflicts. 
 
This statement was strengthened when Japan agreed to assist India in a subway project it had undertaken by providing Rs 38, 989 million (US$ 694 million). In addition, India and Japan have expressed interest in working closely on building clean coal technologies and tapping on renewable energy sources.
 
Given how much India and Japan are helping one another and working closely on various projects, there is no doubt that they have become regional and international allies.
 
Hopefully, both the countries can tap on each other’s strengths to become the most powerful nations not only in Asia but in the entire world.
 
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