2nd India-Japan Economic Security Dialogue held in New Delhi

• The second round of the India-Japan Economic Security Dialogue was held in New Delhi on May 11.

• It was co-chaired by Foreign Secretary Vikram Misri along with Vice Minister, Ministry of Foreign Affairs of Japan Takehiro Funakoshi and Vice Minister-International Affairs, Ministry of Economy, Trade and Industry  Takehiko Matsuo.

• The Economic Security Dialogue is the established mechanism to oversee progress and promote key projects in strategic industrial sectors under the framework of the Economic Security Initiative announced by the Prime Ministers of India and Japan during the 15th Annual Summit in Tokyo in August 2025. 

• Economic security is a key pillar of the multi-faceted India-Japan Special Strategic and Global Partnership.

• The second round of the Economic Security Dialogue provided an opportunity to exchange views on respective economic security policies in India and Japan. 

• Both sides appreciated the Private Sector Dialogue which was held on March 26 by the Confederation of Indian Industry and Keidanren between Indian and Japanese companies and noted the recommendations made by the private sector for removing impediments to greater economic collaboration. 

• Productive discussions were held on advancing industrial and technological collaboration in five sectors: 

i) Critical minerals

ii) Semiconductors

iii) ICT including AI and telecom

iv) Clean energy

v) Pharmaceuticals. 

• During the Dialogue, both sides agreed on the need for closer public-private partnerships to protect economic interests with a view to building resilient supply chains, particularly in the current geopolitical context.