Prime Minister Narendra Modi will travel to Japan from August 29 to 31 for the 15th India-Japan annual summit. During this visit, Japan is likely to announce a 10 trillion-yen private investment plan in India over the next decade. This expansion builds on the five trillion-yen target unveiled in 2022 while the two nations will also deepen cooperation in economic security, critical technologies, and innovation. Modi’s visit marks his eighth trip to Japan as prime minister and comes at a time when bilateral ties continue to grow stronger.
Focus on Economic Security and Technology
New Delhi and Tokyo are expected to agree on a new framework to enhance cooperation in economic security. Both sides will aim to secure stable supplies of critical goods. The collaboration will extend to semiconductors, essential minerals, communications, clean energy, artificial intelligence, and pharmaceuticals. India and Japan are also likely to announce a joint “AI cooperation initiative” to support emerging technologies and startups.
Read More: When Chandrayaan-3 Made India the First to Reach the Moon’s South Pole?
Investment and Business Growth
From 2000 to December 2024, Japan invested around $43.2 billion in India, and this makes Japan the fifth-largest source of foreign direct investment. Japanese FDI has targeted key sectors such as automobiles, electrical equipment, telecommunications, chemicals, financial services including insurance, and pharmaceuticals. According to an Indian Embassy brief, over 60 percent of Japanese companies in India reported growth in market share during 2024. This figure is among the highest in Southwest Asia, reflecting India’s growing importance for Japanese businesses.
Symbolic Highlights of the Visit
PM Modi may travel to Sendai in Miyagi Prefecture during the trip. He is expected to attend the inauguration of an experimental Shinkansen bullet train car. The symbolic gesture reflects Japan’s long-term partnership with India in infrastructure and high-speed rail technology.
Read More: Supreme Court Order on Stray Dogs Faces Ground Reality Test in Delhi
Strengthening Strategic Partnership
The Ministry of External Affairs has confirmed that Modi and his Japanese counterpart, Shigeru Ishiba, will review the Special Strategic and Global Partnership. They will deliberate on cooperation in defence, trade, technology, innovation, and people-to-people exchanges. Both leaders will also address regional and global challenges. The ministry said the visit will reaffirm the longstanding special bond of friendship between the two countries.
