Will secure one flank for China (where there are no economic resources to hold allurement) and will give greater leeway to pursue the SCS territorial ambitions.China Prepared to Settle India Border Dispute, Wang Says
http://www.bloomberg.com/news/2014-0...wang-says.html
It all depends on what China has to offer on the plate as 'settlement'.
Nehru's legacy maybe dead, but Modi cannot afford to come out a 'loser', having given the impression that he will ensure India's security and other interest as paramount, unlike the wimpish attitude of the last Govt.
Japan requires a boost to her economy. By setting up joint ventures in a low labour cost India and being allowed to export to other countries, Japan would be in a benefiting mode.
One of the largest slice of the cake is the defence industry. India has opened it up with 100% FDI.
To quote from the link JMA has appended, Japan has a high tech defence capability as displayed with three aircraft carriers, more than 40 destroyers, 300 first-line fighters, and the capability to shoot down ballistic missiles.
Given the very close relations Modi has with Abe (Abe follows three people on Twitter and Modi is one of them) and since India is in a hurry to make up its defence capability laid to rust by the last Govt, Japan is surely one of the first to be approached by Modi.
As it is, India has shown interest in Japan's Bullet Train over the cheaper Chinese version.Japan has recently announced a flurry of co-development deals with other countries, a process that was forbidden under the export ban. The United Kingdom and Japan are planning on co-developing chemical warfare protective clothing, and Australia wants Japanese submarine technology for its next generation of attack submarines.
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