India, Japan Sign $10 Billion Investment Push
India and Japan strengthened their economic and strategic partnership on Thursday as Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi held talks in New Delhi during the 16th India-Japan Annual Summit.
India Japan Trade Partnership Gets Investment Push
The two countries signed a Memorandum of Cooperation and announced several new initiatives aimed at expanding trade, investment and industrial collaboration. Around 120 business agreements are expected to bring more than $10 billion in Japanese investment to India.
Prime Minister Modi said India aims to attract 10 trillion yen in Japanese investment and double the number of Japanese companies operating in India over the next decade. He said continued reforms in India have improved ease of doing business and created new opportunities for Japanese firms.
India Japan AI Cooperation Gains Momentum
Artificial intelligence and emerging technologies formed a major part of the summit agenda. India and Japan issued a joint statement on AI, with both sides highlighting the potential of combining Japan’s precision technology with India’s software capabilities.
The two countries also agreed to expand cooperation in semiconductors, quantum technology, advanced materials, shipbuilding, critical minerals and energy security. A joint roadmap on economic security was adopted as both countries seek stronger and more resilient supply chains.
India Japan Defence And Energy Ties Expand
India and Japan also moved forward on defence cooperation by signing an agreement for their first joint defence co-development project. The initiative involves the Naval Radio Antenna “Unicorn” and is expected to strengthen maritime security and defence technology collaboration.
The summit also saw movement on renewable and rural energy projects. Under the India-Japan Biogas Initiative, 1,000 biogas and organic fertiliser plants are planned across India to support sustainability, rural livelihoods and the GobarDhan scheme.
