Prime Minister Narendra Modi, in a powerful address to the India-Japan Joint Economic Forum on Friday, positioned India as the world's most dynamic investment destination, highlighting an unprecedented era of strategic and economic synergy between the two nations.
Speaking to an audience of top Japanese business leaders in Tokyo, PM Modi outlined India’s remarkable economic story, underscored by political stability, deep-rooted reforms, and a compelling invitation to the global community: “Come make in India, make for the world.”
A Partnership of Trust and Growth
Opening his remarks, the Prime Minister captured the essence of India's current economic climate with a resonant promise: “In India, capital does not just grow, it multiplies.” This sentiment was backed by hard numbers, as he revealed that Japanese companies have invested over $40 billion in India, with a significant $13 billion flowing in just the last two years—a clear indicator of soaring confidence in India’s growth trajectory.
He lauded Japan as an indispensable partner in India's development journey, noting collaborations that span “from metro rail to manufacturing, semiconductors to startups.” PM Modi also fondly recalled his long-standing personal relationships with Japanese industry leaders, built during his tenure as Chief Minister of Gujarat, which have helped foster a unique bond of trust.
The Pillars of India's Rise
PM Modi attributed the nation's success to a clear-headed governance model. “Today, India enjoys political and economic stability. There is transparency in our policies,” he stated, pointing to the country’s status as the world’s fastest-growing major economy and its imminent ascent to become the third-largest globally.
The engine behind this transformation, he explained, is the government’s mantra of “reform, perform, and transform.” As evidence of this continuous reform process, he announced the landmark decision to open the nuclear energy sector to private participation, building on previous liberalization in defence and space—sectors of key interest to Japanese technology and manufacturing firms.
A Shared Vision for an Asian Century
The Prime Minister’s address went beyond bilateral trade, framing the India-Japan partnership as a cornerstone for regional prosperity and stability. “India-Japan will together shape the ASEAN, Asian century,” he declared, envisioning a collaborative effort that drives sustained growth across the continent.
This high-level engagement sets the stage for the 15th India-Japan Annual Summit, where PM Modi will hold detailed talks with Japanese Prime Minister Shigeru Ishiba. The visit is expected to yield significant announcements, including Japan potentially doubling its investment targets for India and new agreements to bolster cooperation in trade, defence, science, and technology.
Against a backdrop of rapid geopolitical shifts, PM Modi’s visit underscores a shared commitment to navigating global challenges through a strengthened partnership, positioning the India-Japan alliance as a defining force in shaping the future of Asia and the global economic order.
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