During his two-day visit to Japan, Prime Minister Narendra Modi invited Japanese investors to participate in India's growth story by investing and manufacturing in India, with a focus on exporting to the world. Addressing the India-Japan Joint Economic Forum in Tokyo, PM Modi highlighted India as a prime destination for investment, emphasizing the nation's political and economic stability and transparent policies. He underscored the strategic and global partnership between India and Japan, built on shared values and a common vision for peace, progress, and prosperity in the Indo-Pacific region and the world.

PM Modi stressed the complementary nature of Japanese technology and Indian talent, describing it as a "winning combination". He highlighted the various sectors where Japanese companies have already made significant investments, including manufacturing, semiconductors, and startups. He specifically mentioned the success stories of Suzuki and Daikin as examples for other Japanese businesses to emulate.

To further strengthen the partnership, PM Modi and Japanese PM Shigeru Ishiba finalized a 10-year roadmap aimed at deepening economic cooperation in key areas like technology, innovation, economic security, environment, health, and digital partnership. A key component of this roadmap is Japan's ambitious target of investing 10 trillion yen (approximately $68 billion) in India over the next decade. This commitment builds upon the previous investment target of 5 trillion yen, which was achieved ahead of schedule.

The collaboration extends beyond investments, with a focus on human resource exchanges. An action plan will facilitate the exchange of 500,000 people from both countries in various fields over the next five years. This initiative includes 50,000 skilled Indians actively contributing to Japan's economy. Furthermore, the partnership aims to connect small and medium enterprises (SMEs) and startups from both nations, fostering innovation and entrepreneurship.

PM Modi also emphasized India's commitment to regulatory reforms to facilitate investment and deepen supply chains for Japanese companies. He highlighted the importance of cooperation in high technology, including Digital Partnership 2.0 and AI cooperation. Both leaders acknowledged the importance of a free, open, peaceful, and rule-based Indo-Pacific region, agreeing to strengthen cooperation in defense, maritime security, and the defense industry. They also share concerns about terrorism and security.

PM Ishiba acknowledged India's massive market potential and its ability to drive the growth of the Japanese economy. He stressed the need for Japan and India to combine their strengths to promote peace and stability in the region, particularly in light of increasing global uncertainty. Areas of cooperation include space, next-generation mobility, and the Mumbai-Ahmedabad high-speed railway project.

PM Modi's visit and invitation to Japanese investors signal a strong commitment to strengthening economic ties between India and Japan. By inviting Japanese companies to "Make in India" for the world, PM Modi aims to leverage India's manufacturing capabilities, skilled workforce, and strategic location to create a global manufacturing hub, contributing to the development of the Global South and fostering shared prosperity.