New Delhi, Oct. 16 -- India and Japan explored the possibility of a follow-on fund to the USD 600 million India-Japan Fund and discussed expanding investments in semiconductors, clean energy and advanced manufacturing, as the two countries seek to deepen economic and financial cooperation.

Union Finance Minister Nirmala Sitharaman met Kazuhiko Amakawa, Governor of Japan Bank for International Cooperation (JBIC), on the sidelines of the World Bank-IMF annual meetings in Bangkok, Thailand, on Friday, according to the Ministry of Finance.

The discussions focused on expanding cooperation in clean energy, energy transition, advanced manufacturing, semiconductors, critical minerals, electric mobility and resilient supply chains, including thr...