India and Japan have signed an agreement to cooperate in energy conservation
at the second round of an energy dialogue between the two countries in New Delhi.
The Energy and
Resources Institute (TERI) of India and the Institute of Energy Economics of Japan
(IEEJ) signed the memorandum of understanding (MoU) in the presence of Japanese
economy, trade and industry minister Akira Amari and Montek Singh Ahluwalia, deputy
chairman of the planning commission.
agreement provides for Japanese industrial aid to India in return for the latter
implementing energy conservation policies in fifteen identified sectors, the two
sides said in a joint statement.
have agreed that on one hand, India will make an effort to increase efficiency
in energy intensive industries and Japan will provide support in various ways,
including human resources development," Amari said after signing the pact.
Amari said the
long-term vision of Japan''s efforts were to arrive at a system wherein energy
cooperation could spur economic development.
that make efforts to address the global environmental issue should not have to
do that at the cost of economic development. It is important for us to create
a scheme in which a flexible approach can be taken that will reflect the circumstances
in each country and that will enable further economic growth in addition to improving
the environment. I believe we have been able to take the first step in that direction,"
Indo-Japan energy dialogue was initiated during prime minister Manmohan Singh''s
visit to Tokyo in December 2006. The first Indo-Japan energy talks were held in
April. The second round of energy talks comes ahead of the India visit of Japanese
prime minister Shinzo Abe, planned in August.
fact, Japan is seeking a wider energy dialogue involving Asia''s major economies,
India, China. Japan has initiated energy cooperation with Beijing earlier this
year, amid growing concerns over global warming. But is yet to get China and India
to commit to cut greenhouse gases after 2012, when the current UN-led Kyoto protocol
to India ''s planning officials, the country''s primary energy demand would increase
by six per cent a year.
''s oil demand in 2007 is expected to rise by 3.4 per cent from last year to about
2.7 million barrels per day (bpd), according to the International Energy Agency
will invest $10 billion in next five years in the Delhi - Mumbai Industrial Corridor
(DMIC), commerce and industry minister Kamal Nath said at a meeting organised
by the Confederation of Indian Industry (CII). He said that DMIC project, with
an estimated investment of $90 billion is at an advanced stage of finalisation.
of DMIC should include Madhya Pradesh majorly in the route along with the existing
six states", said Nath. DMIC also covers Delhi, Haryana, Rajasthan, Gujarat