Prime Minister Narendra Modi addressed the Tokyo Business Forum today, outlining a strategic vision for deeper Indo-Japanese economic cooperation. He expressed gratitude that his visit to Japan began with interactions with top business leaders, including appreciation for Japanese investments such as Maruti Suzuki.
Five Core Areas of Future Collaboration Suggested by the Prime Minister:
1. Manufacturing and Defence Investment
PM Modi highlighted the long-standing success of Indo-Japanese collaboration in the automobile sector and proposed expanding this model to areas like robotics, shipbuilding, batteries, semiconductors, and nuclear energy. He emphasized that Japan has invested over $40 billion in India, with 75% of companies operating profitably. The stable political and economic environment in India, along with transparent policies, make it an attractive destination for further investments.
2. Technology and Innovation
The Prime Minister said, “Japan is a technology powerhouse, and India is a talent powerhouse.” Together, these two nations can lead a technological revolution by combining Japan’s advanced tech with India’s skilled youth.
3. Green Energy Transition
PM Modi reaffirmed India’s commitment to generating 500 GW of renewable energy by 2030 and achieving 100 GW of nuclear power by 2044. He stressed that India and Japan can collaborate effectively in building solar plants and green hydrogen ecosystems, contributing to the global green future.
4. Next-Generation Infrastructure
The Prime Minister spoke about the rapid progress in India’s mobility and infrastructure sectors. He mentioned ongoing metro rail projects, airports, and the Mumbai-Ahmedabad bullet train being developed with Japanese support. He invited Japanese firms to explore deeper cooperation in green infrastructure and urban mobility.
5. Skill Development
India’s vast skilled youth population, when combined with Japan’s cutting-edge technology, offers an unparalleled opportunity for strategic global development. PM Modi encouraged greater collaboration in training, R&D, and workforce mobility.
Conclusion:
Prime Minister Modi’s speech in Tokyo was a strong affirmation of the India-Japan strategic and economic partnership. With a focus on innovation, sustainability, and infrastructure, the roadmap laid out by PM Modi sets a forward-looking agenda for bilateral cooperation in the coming decades.
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