India and Japan hold 16th Annual Summit on July 2, 2026

Exam-focused facts from the 3 July 2026 current affairs briefing.

Key facts

Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi held the 16th India-Japan Annual Summit in New Delhi.
The two nations signed a pact on co-development in the defence sector, with the first project involving the Naval Radio Antenna 'Unicorn'.
Japan will invest 10 trillion yen in India over the next 10 years, and the number of Japanese companies operating in India will double.
Agreements were signed to boost cooperation in Artificial Intelligence (AI), metals, and energy, including a joint statement on AI.
Pacts were signed in pharmaceuticals, medical devices, and biotechnology, and the India-Japan bio-gas Initiative will establish 1,000 bio-gas and organic fertilizer plants in India.