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"The difference that Japan can make to our nuclear industry can be quite substantial. Japan's openness to supply India with military technology also reflects the high level of confidence between the two countries," he said.
The Foreign Secretary also spoke about a number of infrastructural and economic projects which both the countries are planning to undertake.
"India's accelerated business growth provides new opportunities for Japanese countries. Japan offers capabilities and practices that are needed in this juncture.
This will help one of the emerging bi-lateral relations in the world. Make-in India, Business India provides more opportunities for these countries," he said.
Jaishankar highlighted the role of Japanese Official Development Assistance (ODA) in expediting the rapid modernisation of the Asian countries.
He said, "The Japanese ODA's relevance to construct a better infrastructure is noteworthy. We must recognize the expanded ODA relationship between India and Jap. It definitely plays an important role in accelerating our infrastructure."
He also spoke about a number of infrastructure projects that both the countries are working on at present.
"Japan is working with India in the western dedicated trade corridor, Delhi-Mumbai industrial corridor and various metro projects. India and Japan are working on a number of projects with the flagship being Mumbai-Ahmedabad high speed railway project," he said.
He ended his speech by saying that convergence between the two countries has the capability to drive Asia's economy and stimulate global growth.