PM Modi Urges Japanese Firms to Deepen India Investments

• PM Modi launches dedicated Japan Business Week to boost investment.
• Calls for Japanese investment to exceed 10 trillion yen over the next decade.
• Urges doubling the number of Japanese companies operating in India.
• Highlights AI, defence, semiconductors and clean energy as key cooperation areas.

GG News Bureau
NEW DELHI, 3rd July: Prime Minister Narendra Modi on Thursday called on Japanese businesses to deepen their engagement with India, announcing a dedicated Japan Business Week to accelerate investments and improve the ease of doing business, while urging companies to surpass the target of 10 trillion yen in investments over the next decade.

Addressing the India-Japan Business Forum alongside Japanese Prime Minister Sanae Takaichi, Modi described the India-Japan partnership as “truly special” and highlighted the long-standing contribution of Japanese companies to India’s industrial growth.

The Prime Minister said the Prime Minister’s Office would organise Japan Business Week, during which senior officials would directly engage with Japanese businesses to address concerns, improve the investment climate and facilitate greater collaboration.

Modi said India, with a GDP growth of 7.7 per cent in the last financial year, remains the world’s fastest-growing major economy and continues to pursue reforms in taxation, governance and ease of doing business while opening more sectors to private participation.

Highlighting the growing economic partnership, Modi cited the inauguration of Maruti Suzuki’s new manufacturing plant at Kharkhoda, noting that nearly two-thirds of Suzuki’s global vehicle production now takes place in India and is exported to over 100 countries. He also pointed to the global exports of motorcycles manufactured in India by Kawasaki, Yamaha and Honda.

The Prime Minister said India and Japan had concluded agreements covering economic security, artificial intelligence, defence and healthcare, making the bilateral partnership more future-oriented.

He urged business leaders from both countries to translate the governments’ shared vision into concrete outcomes by exceeding the 10 trillion yen investment target and doubling the number of Japanese companies operating in India over the next decade.

Modi also outlined a vision for stronger collaboration in semiconductors, pharmaceuticals, critical minerals, shipbuilding, mobility, clean energy, artificial intelligence, quantum technologies, biotechnology, aerospace and defence, saying the combined strengths of Japanese technology and Indian market potential could create resilient global supply chains and contribute to global economic growth and security.

Concluding his address, the Prime Minister called for building a partnership founded on trust, innovation and shared prosperity, borrowing Toyota’s famous slogan to say, “Let’s go places.”