Tokyo: Indian Prime Minister Narendra Modi and his Japanese counterpart, Shigeru Ishiba, held high-level talks in Tokyo on Friday, reaffirming their commitment to strengthening bilateral ties across strategic and economic sectors. The two leaders announced an ambitious goal of securing 10 trillion yen (approximately USD 68 billion) in Japanese investment in India over the next ten years.
Speaking at a joint press conference following the 15th India-Japan Annual Summit, Prime Minister Modi emphasized the importance of deepening collaboration between startups and small and medium enterprises (SMEs) in both countries.
“We have set a goal of 10 trillion yen in Japanese investment in India over the next decade,” said PM Modi. “Special focus will be placed on connecting the SMEs and startups of both countries, with priority sectors including artificial intelligence, semiconductors, the environment, and medicine.”
The summit also saw the exchange of key agreements, including a Long-Term Vision Document outlining a roadmap for bilateral relations over the coming decade. The two leaders expressed shared views on expanding cooperation in areas such as innovation, technology, health, mobility, and economic security.
Highlighting the strategic nature of the partnership, PM Modi stated: “India and Japan, as vibrant democracies and two of the largest global economies, share a partnership that is vital not only for our nations but also for global peace and stability. Today’s discussions were both productive and forward-looking.”
He added that both sides are laying the foundation for a “new and golden chapter” in their special strategic and global partnership.
Japanese Prime Minister Shigeru Ishiba welcomed Modi and his delegation, recalling the deep-rooted historical and cultural ties between the two nations. “Our relationship dates back to the 6th century, when Buddhism was introduced to Japan. We continue to influence and inspire each other culturally and spiritually,” said Ishiba.
This marks Prime Minister Modi’s first visit to Japan since May 2023. He was accorded a ceremonial Guard of Honour upon his arrival earlier in the day.
India and Japan elevated their relationship to a Special Strategic and Global Partnership a decade ago, and Friday’s summit reflects ongoing efforts to deepen that collaboration.
Following his visit to Japan, Prime Minister Modi is scheduled to travel to Tianjin, China, to attend the Shanghai Cooperation Organisation (SCO) Summit on August 31.
