PM Modi Sets Ambitious 10-Trillion Yen Japan Investment Target For India

India and Japan on Thursday strengthened their strategic partnership by signing a series of agreements covering economic security, artificial intelligence (AI), defence, healthcare and several other key sectors. Addressing the India-Japan Joint Economic Forum, Prime Minister Narendra Modi said the two countries are working towards building a "futuristic and limitless" partnership that will deepen cooperation in investment, technology, innovation and resilient supply chains. He expressed confidence that bilateral ties would continue to expand across multiple areas of mutual interest.

During his address, Prime Minister Modi said India and Japan share strategic synergy, mutual trust and clarity of vision, providing a strong foundation for long-term collaboration. He urged businesses from both countries to play a greater role in strengthening economic ties and called for increased private sector participation in sectors that are critical to future growth. Modi said stronger business partnerships would help both nations achieve shared economic and technological goals.

Highlighting investment opportunities, the Prime Minister said India has the potential to surpass the target of attracting more than 10 trillion yen in Japanese investment over the next decade. He also called for doubling the number of Japanese companies operating in India, stating that the country's growing economy, improving infrastructure, skilled workforce and policy reforms continue to make it an attractive destination for global investors.

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The agreements signed during the forum are expected to enhance cooperation in emerging technologies, strengthen defence collaboration, improve healthcare partnerships and reinforce economic security. Both countries also emphasised the importance of building resilient supply chains and promoting innovation to address future global challenges. The expanded partnership reflects the shared objective of creating sustainable economic growth and increasing technological collaboration.

India and Japan have steadily strengthened their bilateral relationship over the years through cooperation in infrastructure, manufacturing, digital technology, clean energy and connectivity projects. Japanese investments have played a significant role in several major infrastructure initiatives across India, while both nations continue to work closely in the Indo-Pacific region on issues related to regional stability, trade and economic development.

The latest announcements underline the commitment of both governments to further deepen their comprehensive strategic partnership in the coming years. With renewed focus on investment, technology transfer and industrial cooperation, India and Japan aim to create new opportunities for businesses while contributing to long-term economic growth. The agreements are expected to further strengthen one of Asia's most significant bilateral partnerships.

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