India-Japan Cooperation Key for Global Stability, Says PM Modi in Tokyo; Announces ¥10 Trillion Investment Goal
Tokyo, Aug 29: Prime Minister Narendra Modi on Friday underscored the strategic importance of India-Japan relations, calling the partnership crucial for global peace, stability, and economic growth. Addressing the India-Japan Economic Forum in Tokyo, Modi said that the two nations share not just economic ties but also a vision for a free, open, and rules-based international order.
During his meeting with Japanese Prime Minister Shigeru Ishiba, both leaders reaffirmed their commitment to deepen cooperation in trade, technology, infrastructure, and regional security. Japan announced a target of ¥10 trillion (approx. ₹5.3 lakh crore) in private investment in India over the next 10 years, a move expected to significantly boost bilateral economic ties.
India as a Global Growth Hub
Highlighting India’s economic resilience, PM Modi said that the country is on track to become the third-largest economy in the world “very soon.” He pitched India as a reliable and attractive investment destination, particularly against the backdrop of ongoing trade uncertainties with the United States.
“India today offers not only a vast market but also a springboard to the Global South, making it one of the most trusted partners for long-term growth,” Modi told business leaders, noting that Japanese companies have increasingly found India to be a favorable hub for expansion.
Strategic & Security Cooperation
Beyond economic engagement, both leaders stressed cooperation in defense and maritime security, particularly in the Indo-Pacific region. Modi and Ishiba reiterated their shared commitment to ensuring a free and open Indo-Pacific (FOIP), countering challenges such as territorial disputes and supply chain disruptions.
Japan, a key strategic partner under India’s Act East Policy, also agreed to enhance collaboration in semiconductor manufacturing, clean energy, digital innovation, and critical infrastructure development.
Shared Vision for Peace and Development
PM Modi described India and Japan as “natural partners” bound by democratic values and cultural linkages. He emphasized that India-Japan cooperation goes beyond bilateral benefits and contributes to global stability, citing joint initiatives in Africa, Southeast Asia, and multilateral platforms like the G20 and Quad.
“Together, India and Japan can shape a future that is not only prosperous but also inclusive and secure,” Modi said, while appreciating Japan’s long-standing support for India’s infrastructure projects, including the Mumbai-Ahmedabad bullet train corridor.
Boost to India-Japan Ties
The announcement of the ¥10 trillion investment target is expected to further strengthen the already robust economic partnership. Currently, Japan ranks among India’s top five investors, with major companies such as Toyota, Honda, Suzuki, Hitachi, and SoftBank playing vital roles in India’s industrial and digital sectors.
Both sides also discussed cooperation in green hydrogen, climate change initiatives, skill development, and advanced technology transfer, aiming to make their partnership future-ready.
Looking Ahead
The India-Japan Economic Forum concluded with a joint statement reaffirming the countries’ commitment to work closely in regional and global forums. PM Modi’s Tokyo visit is seen as a major step in boosting economic diplomacy and positioning India as a trusted partner amid global uncertainties.
As Modi departed Tokyo, diplomatic observers noted that the visit has not only strengthened economic ties but also reinforced the strategic alignment of India and Japan as key anchors of peace and prosperity in Asia and beyond.
