Prime Minister Narendra Modi addressed the India-Japan Economic Forum in Tokyo, highlighting investment opportunities, reforms, and a vision for joint growth in technology, green energy, and global markets.
Prime Minister Narendra Modi began his Japan visit today with an address at the India-Japan Economic Forum, attended by Japanese Prime Minister Shigeru Ishiba, business leaders, and industry representatives.
In his speech, Modi stressed that Japan has always been a “key partner in India’s growth journey” across sectors such as infrastructure, manufacturing, semiconductors, and start-ups. He noted that Japanese companies have already invested over $40 billion in India, with $13 billion coming in during the past two years.
Citing reports by JBIC and JETRO, he underlined that India remains the most promising investment destination, with 80 percent of Japanese companies planning to expand and 75 percent already profitable in the Indian market.
The Prime Minister spoke of India’s rapid transformation over the past 11 years, highlighting political and economic stability, clear policies, and reforms such as One Nation–One Tax, a new Income Tax Code, and major deregulation steps. He pointed to India’s strong economic indicators, including 18% contribution to global growth, $700 billion in foreign reserves, and an upgraded credit rating from S&P Global.
Modi outlined five key areas of partnership for India and Japan:
- Manufacturing – expanding beyond automobiles into batteries, robotics, semiconductors, shipbuilding, and nuclear energy.
- Technology & Innovation – leveraging Japan’s tech expertise with India’s talent in AI, quantum computing, biotech, and space.
- Green Energy – collaborating on renewable energy, nuclear power, and green hydrogen under the new Joint Credit Mechanism.
- Next-Gen Infrastructure – including high-speed rail, logistics, ports, and aviation.
- Skill Development & People-to-People Ties – creating a “Japan-ready” Indian workforce through language and cultural training.
“India is the springboard for Japanese businesses to the Global South,” Modi declared, urging companies to “Come, Make in India, Make for the World.”
The Prime Minister concluded by emphasizing that the India-Japan partnership is not only strategic but also “smart,” capable of shaping the Asian Century with stability, growth, and prosperity.
Source: PMO
