India-Japan Business Ties Strengthen as PM Modi Meets Corporate Executives

Prime Minister Narendra Modi yesterday met a high-powered delegation from the Japan Association of Corporate Executives led by its chairperson, Takeshi Niinami, in New Delhi, to discuss ways to deepen economic cooperation between India and Japan. The discussion covered strengthening bilateral trade, enhancing investment opportunities, and fostering collaboration in key sectors such as agriculture, marine products, space, defense, insurance, technology, infrastructure, civil aviation, clean energy, nuclear energy, and MSME partnership.

During the meeting, the Prime Minister highlighted the India-Japan Special Strategic and Global Partnership and reaffirmed India’s determination to provide a business-friendly environment. He expressed optimism that the Japan Plus system developed in India will facilitate and fast-track Japanese investments. Mr. Modi emphasized that there should be no ambiguity or hesitation for investors, and the Indian government is committed to ensuring a transparent and predictable environment.

Mentioning India’s achievements in fields like aviation and green energy, the Prime Minister said that the country is working towards building significant infrastructure. He further asserted that India’s vast diversity will play a major role in enhancing the AI landscape. The meeting underscored the importance of expanding Japan’s role in India’s growing economy, with a focus on sustainable and technology-driven initiatives.

The Keizai Doyukai delegation, comprising senior business leaders from Japan, shared their plans for expanding operations in India. They expressed interest in deepening collaborations in emerging industries, particularly in renewable energy, digital transformation, and advanced manufacturing. The Japanese executives also highlighted India’s growing role in the global supply chain and affirmed their commitment to further enhancing trade and investment ties.

India and Japan have long maintained a robust economic partnership, with Japan being one of India’s largest investors. With major projects such as the Mumbai-Ahmedabad bullet train and collaborations in defense manufacturing, the two countries are working towards a future of deeper economic integration.

Both sides expressed optimism about future collaborations and looked forward to strengthening business and investment ties in the years ahead.