On January 6, 2021, The Union Cabinet, chaired by Prime Minister Narendra Modi approved the signing of a Memorandum of Cooperation (MoC) between the Indian and Japan that pertains to sending Indian “Specified Skilled Worker” to Japan.
- As per MoC the Indian workers, who qualify the required skill and Japanese language test can work in 14 specified sectors in Japan.
- These Indian workers will also be granted a new status of residence of ‘Specified Skilled Worker’ by the Japanese Government.
Key Points:
–Under this MOC, a Joint Working Group will be set up for the implementation of this MOC.
–It will also enhance people-to -people contacts, foster mobility of workers and skilled professionals from India to Japan.
14 sectors of MoC:
The fourteen sectors are Nursing care; Building cleaning; Material Processing industry; Industrial machinery manufacturing industry; Electric and electronic information related industry; Construction; Shipbuilding and ship-related industry; Automobile maintenance; Aviation; Lodging; Agriculture; Fisheries; Food and beverages manufacturing industry and Food service industry would have enhanced job opportunities to work in Japan.
Recent Related News:
i.According to 56th Edition of the TOP500 project which ranks and details the 500 most powerful non-distributed computer systems in the world, India’s Supercomputer – PARAM Siddhi-AI – Ranked 62 in the list of most powerful non-distributed computer systems in the World. Japan’s Fugaku topped the list.
ii.On 18th November 2020, the India-Japan Cooperation won the Organisation for Economic Co-operation and Development (OECD)’s 2019 Mutual Agreement Procedure(MAP) Award in category 4 for pairings of jurisdictions that dealt most effectively with their joint caseload for transfer pricing cases.
About Japan:
Capital– Tokyo
Currency– Japanese yen
