PM Modi Advocates for Enhanced India-Japan Economic Ties in Tokyo

In Tokyo, Prime Minister Narendra Modi addressed the India-Japan Joint Economic Forum, emphasizing the potential of Japanese technology and Indian talent working together. He projected that this collaboration will be a major driver of economic and technological transformation. Highlighting Japan’s role in India’s growth, he promoted the ‘Make in India, Make for the World’ initiative to Japanese business leaders. The partnership extends across various sectors, from metro and manufacturing to semiconductors and startups. The two nations have also agreed on a Joint Credit Mechanism focused on clean energy and a greener future. PM Modi noted that Japanese companies have made substantial investments in India, with $13 billion invested in the last two years. He also mentioned India’s economic stability and the increasing foreign investments. He also discussed that India is rapidly moving towards becoming the third-largest economy in the world. A report from the Japan External Trade Organization revealed that about 80% of companies wish to expand their operations in India, with 75% already seeing profits.