India-Japan ties scale new heights :
At meeting with Modi, Japan says it will invest $68 billion in India over 10 yrs
The two Prime Ministers Ishiba and Modi launched the Economic Security Initiative at their annual bilateral summit in Tokyo to ensure supply chain resilience in strategic sectors.
Key focus was on semiconductors, telecom, pharmaceuticals and emerging technologies. Both sides also finalised a Joint Declaration on Security Cooperation to guide joint efforts to respond to contemporary defence challenges.
"The 15th India-Japan Annual Summit was held in Tokyo earlier this evening. PM Ishiba and I reviewed the full range of bilateral ties between our nations and agreed to further strengthen the India-Japan Special Strategic and Global Partnership.
We chalked out a roadmap for the coming years which will focus on sectors like investment, innovation, environment, technology, health, mobility, people-to-people exchanges and state-prefecture partnerships," PM Modi tweeted. 4.
Prime Minister Ishiba, in his address, noted the interest of Japanese companies in forming partnerships between Indian talent and Japanese technology to build resilient supply chains.
He underlined three priorities between India and Japan:
- Strengthening P2P partnerships,
- Fusion of technology, green initiatives and market,
and - Cooperation in critical sectors of high and emerging technologies, in particular semiconductor.
External Affairs Ministry explains key takeaways
Both sides launched an economic security initiative, which identifies five priority sectors that will receive concentrated attention from the two sides, Foreign Secretary Vikram Misri said.
These sectors are semiconductors, critical minerals, pharmaceuticals, information and communication technologies, and clean energy. Both Prime Ministers launched the 'Japan-India AI Initiative', which will strengthen collaboration on large language models, data centres, and AI governance.
PM Modi also invited Prime Minister Ishiba for the AI Impact Summit, which India is hosting in February 2026. Both the Prime Ministers decided to launch the India Kansai Business Forum and the India Kyushu Business Forum to induce more energy into our business linkages at the grassroots level, he added.
"Political stability, policy predictability, commitment to reforms and Ease of Doing Business efforts gave a new confidence to investors in the Indian market," said Modi.
Both PMs referred to Japan’s target of 10 trillion yen in private investments in India over 10 years, with Ishiba saying that Tokyo would promote cooperation in space, next-generation mobility and the Mumbai-Ahmedabad high-speed railway, a flagship project for the two sides.
Japan’s earlier investment target of 5 trillion yen ($34 billion) during 2022-26 was achieved two years ahead of schedule.
According to a joint statement, Ishiba requested the Indian side to continue its regulatory and other reforms to allow Japanese companies to deepen their supply chains in India. Modi “recalled his intent to carry out additional regulatory and other reforms to facilitate investment into India and invited more Japanese businesses to avail of these,” the statement said.
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