How India and Japan can sail through the unpredictability of Trump 2.0
1 month, 2 weeks ago

How India and Japan can sail through the unpredictability of Trump 2.0

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The roadmap for the future should include encouraging Japanese companies with cutting-edge technologies to scale up their presence in the Indian market, including through joint ventures and transfer of technology It would be worthwhile for India to study the unique policy and regulatory measures adopted by countries that have successfully attracted and retained high levels of Japanese investment, including in the wake of global “de-risking” strategies. India and Japan should encourage their government departments, especially the Ministry of Economy, Trade and Industry of Japan and the counterpart Ministry of Commerce and Industry in India, as well as the principal business chambers on both sides, to create greater awareness among Japanese companies of the emerging opportunities in India. By developing synergies between India’s huge database and Japan’s operational skills to develop open-source large language models, the two countries could collaboratively address the needs of the Global South. The Indian government could consider further encouraging Japanese companies to use Corporate Social Responsibility schemes to boost vocational training and skills development programmes in India.

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