Tokyo/New Delhi: In a landmark development that marks a new milestone in bilateral ties, Japan has set an ambitious investment target of 10 trillion yen (about US$67 billion) in India over the next decade. The announcement was made after summit-level talks between Prime Minister Narendra Modi and his Japanese counterpart Shigeru Ishiba in Tokyo on Friday.
The two leaders unveiled a comprehensive 10-year roadmap aimed at deepening cooperation in key sectors such as investment, technology, defence, innovation, cybersecurity and critical minerals.
A new chapter in India-Japan relations
Addressing the media along with PM Ishiba, PM Modi highlighted the importance of the partnership.
Modi said, “We have set a target of 10 trillion yen investment from Japan in India over the next 10 years. India-Japan cooperation is of utmost importance for global peace, stability and prosperity. Today, we have laid a strong foundation for a new and golden chapter in our special strategic and global partnership.”
Modi, who arrived in Tokyo this morning, stressed that the India-Japan alliance is important not only for bilateral development, but also for maintaining a free, open, peaceful and rules-based Indo-Pacific region.
Special focus on defence, cyber security and maritime security
The summit also emphasised the need to strengthen defence ties. The two sides agreed to enhance cooperation in defence manufacturing, maritime security and cyber security—key areas where India and Japan have common concerns.
“India and Japan have similar concerns about terrorism and cyber security. Both countries have common interests in enhancing defence and maritime cooperation,” Modi said.
Prime Minister Ishiba echoed similar views and emphasised that the partnership should harness the strengths of both countries to meet next-generation challenges, particularly in the areas of technology and economic security.
Strategic Economic Cooperation
The two leaders emphasised that economic resilience and innovation will be at the core of the new roadmap. The investment target set by Japan is expected to boost infrastructure development, industrial growth and technological cooperation in India, thereby giving a significant boost to bilateral trade.
Prime Minister Modi said, “The India-Japan partnership is based on mutual trust, reflects our national priorities and is shaped by our shared values and democratic beliefs. Strong democracies are natural partners in building a better world.”
Global significance amid economic uncertainty
The announcement comes at a time when the global economy is facing turmoil due to trade uncertainties and tariff policies under the Trump administration. Experts believe that this strategic synergy between India and Japan will not only boost bilateral growth but also contribute to regional stability.
Future Roadmap
- Under the 10-year cooperation plan, the two countries will:
- Promote Japanese investment in India’s infrastructure and innovation sectors.
- Enhance cooperation on critical minerals needed for clean energy technologies.
- Strengthen defense industry ties and innovation partnerships.
- Promote maritime security cooperation in the Indo-Pacific region.
- Expand cybersecurity and counter-terrorism efforts.
This visionary approach is expected to transform India-Japan relations into a cornerstone of peace, stability, and growth in Asia and beyond.