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Current Affairs 3 July 2026

In short

  • India and Japan sign pacts on AI, metals, energy and defence cooperation
  • Abu Dhabi’s IHC to invest $11.5 billion in aluminium project in Odisha with Adani Group

…and 8 more stories on ENVIRONMENT, DEFENCE, GOVERNANCE, DIPLOMACY.

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DIPLOMACY

India and Japan sign pacts on AI, metals, energy and defence cooperation

India and Japan have signed a series of agreements to deepen cooperation in artificial intelligence (AI), critical metals, energy and defence following talks between Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi in Tokyo.[2][5] The two sides agreed to prepare a joint roadmap for economic security, with a focus on resilient supply chains and strategic technologies.[2] The partnership aims to strengthen collaboration in advanced technologies, including AI governance, digital infrastructure and industrial innovation.[2][5] The agreements also highlight cooperation in critical minerals and energy transition, aligning with both countries’ climate and industrial policies.[2] Defence cooperation was reiterated, including ongoing joint exercises and maritime security coordination in the Indo-Pacific.[2] The leaders also discussed regional security challenges, including terrorism and stability in the Indo-Pacific region.[6] These developments reinforce the Special Strategic and Global Partnership between India and Japan and are likely to have long-term economic and strategic implications.[2][5]

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India and Japan recently agreed to prepare a joint roadmap primarily focused on which of the following areas?

ECONOMY

Abu Dhabi’s IHC to invest $11.5 billion in aluminium project in Odisha with Adani Group

Abu Dhabi-based International Holding Company (IHC) plans to invest about $11.5 billion in an integrated aluminium project in Odisha through a joint venture with the Adani Group.[2] A state official described this as the largest foreign investment in India’s metals sector to date.[2] The project, in eastern India, is expected to include mining, refining and smelting, creating a full aluminium value chain.[2] The investment is likely to generate substantial employment and boost regional infrastructure development.[2] The deal underscores India’s efforts to attract large-scale foreign direct investment (FDI) into core industrial sectors under its manufacturing and “Make in India” push.[2] It also reflects growing economic ties between India and the United Arab Emirates and broader Gulf investors.[2] The project aligns with India’s goal to expand capacity in non-ferrous metals to support construction, automotive and renewable energy industries.[2]

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Abu Dhabi’s International Holding Company plans to invest in which Indian state for its integrated aluminium project with Adani Group?

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Current Affairs by JobSafal