Tokyo: India and Japan on Friday finalised a decade-long economic roadmap that aims to turbocharge cooperation in technology, digitalisation, critical minerals and supply-chain resilience. As part of the plan, Tokyo set an ambition to mobilise ¥10 trillion (about $68 billion) in private investments in India over the next ten years, signalling a fresh push to deepen ties amid global trade-policy uncertainty.
Addressing the India–Japan Economic Forum in Tokyo, Prime Minister Narendra Modi cast the partnership as a force multiplier for the 21st-century tech race, describing Japan as a technology powerhouse and India as a talent powerhouse. He highlighted India’s recent strides in AI, semiconductors, quantum, biotechnology and space, and announced that after opening defence and space, India will now open its nuclear energy sector to private participation.
Inviting Japanese capital and expertise, Modi said successful collaborations in autos and manufacturing can be replicated in robotics, shipbuilding, batteries, semiconductors and clean energy, urging, “Come, Make in India—Make for the World.”
We chalked out a roadmap for the coming years which will focus on sectors like investment, innovation, environment, technology, health, mobility, people-to-people exchanges and state-prefecture partnerships. pic.twitter.com/nADM4q4VTM
— Narendra Modi (@narendramodi) August 29, 2025
Japanese Prime Minister Shigeru Ishiba said Japan’s cutting-edge technology and India’s skilled workforce are “perfect complements,” noting that Japanese firms are integral to Make in India. He welcomed new cooperation agreements designed to expand investment and fortify India–Japan-centric supply chains.
Japan Inc already has a substantial footprint in India, with cumulative investments exceeding $40 billion over the years. The newly announced ¥10 trillion target is forward-looking—additional private capital to be catalysed over the next decade—on top of past inflows, underscoring a step-up in ambition as both countries look to co-create the next wave of industrial and technological growth.
