Team Startupcity

• PM Modi announced a 10 trillion yen ($68 Billion) Japanese investment target in India over the next decade, focusing on SMEs, start-ups, and innovation.
• Modi and Japanese PM Ishiba launched initiatives on clean energy, battery supply chains, and economic security under a new strategic roadmap.
• PM urged Japanese firms to deepen ties with India’s manufacturing sector, saying 'Make in India, Make for the World' at the India-Japan Business Forum.​

Prime Minister Narendra Modi announced a landmark commitment between India and Japan, aiming for 10 trillion yen (approximately $68 billion) of Japanese investment in India over the next decade. Speaking alongside Japanese Prime Minister Shigeru Ishiba during a joint briefing, Modi emphasized that this ambitious target will prioritize strengthening ties between the small and medium enterprises (SMEs) and startups of both nations. He described his discussions with Ishiba as 'productive and purposeful', highlighting the critical role the India-Japan partnership plays not only for the two countries but also for global peace and security.

Modi underlined the importance of their shared democratic values, calling the relationship a foundation for 'a new and golden chapter' in their strategic and global cooperation. A clear roadmap has been laid out focusing on investment, innovation, economic security, environmental sustainability, technology, health, mobility, and people-to-people exchanges. He urged Japanese firms to deepen their engagement with India’s manufacturing sector, reinforcing India’s position as a global manufacturing hub with the message: 'Make in India, Make for the World'.

At the India-Japan Business Forum, Modi further announced initiatives to boost cooperation in clean energy and economic security. Highlighting their 'Joint Crediting Mechanism' for energy, he described it as a milestone reflecting the strength of their green partnership alongside economic ties. New initiatives such as sustainable fuels and battery supply chain partnerships will also be launched under a broader economic security cooperation framework focused on critical and strategic sectors.

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Earlier on the day of the summit, Modi and Ishiba held high-level talks to enhance bilateral relations, particularly in trade, investment, and emerging technologies. The two leaders met for the 15th India-Japan summit shortly after Modi’s arrival in Tokyo, with former Japanese prime ministers Fumio Kishida and Yoshihide Suga also present.

Bilateral trade between India and Japan stood at $22 billion in 2023–24, with Japan ranking as India’s fifth-largest foreign direct investor, contributing $43.2 billion cumulatively as of December 2024. Modi expressed optimism that the strengthened partnership would fuel innovation and economic growth for both nations in the years ahead.