The two countries are also expected to sign an agreement in the field of rare earth materials after Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe hold a summit meeting in Tokyo on Monday.
Discussions are also expected to focus on civil nuclear cooperation and help by Japan in improving India's infrastructure, particularly the railways, and cleaning of river Ganga.
In the summit meeting, the two prime ministers are likely to agree to launch a security consultative framework involving the two countries' foreign and defence ministers, Japanese news agency Kyodo reported quoting Japanese Foreign Ministry officials.
Abe and Modi are expected to agree to continue joint maritime drills between the two countries and trilateral drills with the United States, possibly on a regular basis. They will also discuss a possible Indian purchase of US-2 amphibian planes from Japan.
On the economic front, Abe is expected to push for use of Japan's 'Shinkansen' bullet train technology as India plans to build a train network between Mumbai and Ahmedabad in western India.