PM Modi sets 10 Trillion Yen investment target from Japan in India

Prime Minister Narendra Modi and his Japanese counterpart, Shigeru Ishiba, held talks in Tokyo today, unveiling a joint statement that charts a strategic roadmap for the next decade. The key highlight of the meeting was the ambitious goal of 10 trillion Yen in Japanese investment into India over the next 10 years, a significant step up from the previous target and a clear signal of deepening trust and collaboration.

Addressing a joint press conference, Prime Minister Modi emphasized the core focus of this new economic partnership. He stated, "We have set a goal of investment of 10 Trillion Yen from Japan in India in the next 10 years. Special emphasis will be laid on connecting India's and Japan's small and medium enterprises and startups." This strategic focus on nurturing smaller businesses and startups is a key element of the broader vision.

The two leaders also identified several high-priority sectors for intensified cooperation. These areas, which include artificial intelligence (AI), semiconductors, environment, and medicine, are central to both nations' long-term economic and technological security. The focus on these sectors aligns with global trends and highlights the shared commitment to building resilient supply chains and fostering innovation.

The talks were held as part of the 15th India-Japan Annual Summit, a platform that has consistently driven the "Special Strategic and Global Partnership" between the two countries. Following their bilateral discussions, both sides exchanged a joint statement and two more documents, including a "Long-Term Vision Document on Bilateral Relations." These agreements provide a formal framework for cooperation and are a testament to the robust, multi-layered nature of their diplomatic and economic ties.

During his address, Prime Minister Modi reiterated his call to Japanese companies to "Make in India, Make for the World," underscoring India's potential as a manufacturing hub for global markets. He also underscored the strategic importance of the partnership, stating that as two of the world's largest economies and vibrant democracies, their collaboration is essential not just for their own prosperity but also for global peace and security.