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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, Polity & Governance, International.

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International

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. The two sides agreed to prepare a joint roadmap for economic security, with a focus on resilient supply chains and strategic technologies. The partnership aims to strengthen collaboration in advanced technologies, including AI governance, digital infrastructure and industrial innovation. The agreements also highlight cooperation in critical minerals and energy transition, aligning with both countries’ climate and industrial policies. Defence cooperation was reiterated, including ongoing joint exercises and maritime security coordination in the Indo-Pacific. The leaders also discussed regional security challenges, including terrorism and stability in the Indo-Pacific region. These developments reinforce the Special Strategic and Global Partnership between India and Japan and are likely to have long-term economic and strategic implications.

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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. A state official described this as the largest foreign investment in India’s metals sector to date. The project, in eastern India, is expected to include mining, refining and smelting, creating a full aluminium value chain. The investment is likely to generate substantial employment and boost regional infrastructure development. 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. It also reflects growing economic ties between India and the United Arab Emirates and broader Gulf investors. The project aligns with India’s goal to expand capacity in non-ferrous metals to support construction, automotive and renewable energy industries.

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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