India plans to attract 10 trillion yen in Japanese investment over the next decade, Prime Minister Narendra Modi said on Thursday. The announcement came during the India-Japan Annual Summit with Japanese Prime Minister Sanae Takaichi, where both leaders outlined a broad agenda to deepen their strategic and economic partnership. Modi also highlighted the goal to double the number of Japanese companies operating in India.
The announcement followed a year in which more than 100 new business agreements were concluded between the two countries, expected to bring significant investments and collaborations. Modi emphasized the strengthening of bilateral investment ties and the focus on key sectors such as artificial intelligence, defence, clean energy, and mobility. The summit underscored a commitment to deepen cooperation across the full technology stack, including AI, with an emphasis on a safe, secure, and human-centric AI ecosystem.
This investment target marks a notable step in the India-Japan partnership, reflecting growing economic and strategic ties. The focus on AI and technology cooperation aligns with global trends where countries seek to harness emerging technologies for economic growth and security. The scale of the investment target is significant compared to previous years and signals Japan’s increasing role as a key investor in India’s development, particularly in sectors critical to future growth and innovation.
The India-Japan partnership is expected to continue expanding, with the next phase of collaboration focusing on implementing the agreements signed and fostering innovation in AI and clean energy. The joint press statement released after the summit detailed the broad agenda and reaffirmed the commitment to these goals, setting a clear path for the next decade of bilateral cooperation.