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Addressing another event organised by industry body CII, the former Prime Minister of Japan said, he will continue to encourage the Japanese private sector to invest in India.
Arrangements are being made for his meeting with Indian Prime Minister Narendra Modi, Suga's office said in a statement.
The new leader also needs to change the party's high-handed reputation, worsened by the outgoing Prime Minister Yoshihide Suga who angered the public over his handling of the coronavirus pandemic and insistence on holding the Olympics in Tokyo this past summer.
During their meeting here on Thursday, the two Prime Ministers agreed to enhance bilateral security and defence cooperation, including in the area of defence equipment and technologies, according to a statement issued by the Ministry of External Affairs (MEA).
When Yoshihide Suga took office in September, Japan had already weathered early waves of the virus, settling on a policy that depended on the population being careful while the economy mostly stayed open.
Japan's vaccine tsar and a low-key moderate are among the possible replacements for Prime Minister Yoshihide Suga, who said Friday he will not run in his ruling party's leadership vote. Only one Liberal Democratic Party (LDP) member has so far announced their candidacy for September 29 vote, with the winner obliged to call a general election by late October.
Prime Minister Yoshihide Suga's shock announcement that he won't contest this month's ruling party leadership, meaning someone else will be leading the Liberal Democratic Party into general elections this year.
Yoshihide Suga, who took over after Shinzo Abe resigned last September, citing ill health, has seen his support ratings sink to below 30% as the nation struggles with its worst wave of COVID-19 infections ahead of a general election this year.
They are believed to have discussed the Tokyo 2020 Olympic Games, which closed on Sunday, according to the report.
Prime Minister Yoshihide Suga declared an emergency in Saitama, Kanagawa and Chiba, near Tokyo, as well as in the western city of Osaka, effective Monday until August 31.
In place of the emergency, the government will implement so-called "quasi-emergency" measures in Tokyo and six other areas until July 11. The measures will slightly relax the rules on alcohol, allowing sales until 7:00 pm, but still asks restaurants and bars to shut at 8:00 pm.
Yoshihide Suga said he had been "reassured" by this support and promised to renew his determination "to properly open" the Games and make them a success.
The blueprint was presented at the Council on Economic and Fiscal Policy, the premier's top advisory panel comprised of ministers, ruling party lawmakers, central bank governor and private-sector advisers.
Suga also announced plans to provide 30 million doses of a vaccine manufactured under license in Japan to other countries in need.
In a telephonic conversation, the two leaders reviewed the progress in various ongoing bilateral initiatives.
Suga will instead focus on handling a recent surge in coronavirus cases, broadcaster FNN and other media said.
Bach will attend a torch relay ceremony in the western city of Hiroshima on May 17 and meet with Prime Minister Yoshihide Suga the next day.
The world leaders pointed out that the collaboration which began with relief efforts post the devastating tsunami in 2004, evolved into a ‘democratic cooperation’ called the “Quad”
The virtual summit was attended by US President Joe Biden, Australian Prime Minister Scott Morrison and Japanese Prime Minister Yoshihide Suga.
Amid speculation the event might be cancelled again due to the coronavirus pandemic, International Olympic Committee President Thomas Bach said on Wednesday the IOC was fully committed to it going ahead.
The survey found 35.3 percent want the Games to be cancelled and 44.8 percent favoured another delay.
Rising infections have driven the Tokyo and surrounding areas to the highest level of a four-stage alert, prompting regional governors to urge for a declaration of emergency that Prime Minister Yoshihide Suga is expected to announce on Thursday.
Japan's economy minister told reporters on Saturday the government needed to consult with health experts before deciding on a new declaration.
Suga pledged to achieve carbon neutrality by 2050 in a policy speech in October, though it will be a major challenge given Japan’s significant reliance on fossil fuel.
Japan is the world's fifth-biggest emitter of carbon dioxide, and while moves are being made to increase renewable energy, the country also plans to roll out new coal stations.
