PM Narendra Modi addresses India-Japan economic forum in Tokyo

Prime Minister Narendra Modi said that the combination of Japanese technology and Indian talent can lead the tech revolution of this century. Addressing the India-Japan Economic Forum in Tokyo.

PM Modi said that Japan is a technology powerhouse, and India is a talent powerhouse. India has taken bold and ambitious initiatives in AI, semiconductors, quantum computing, biotechnology, and space.

He added that after the defence and space sectors, India is opening the nuclear energy sector for the private sector.

 PM Modi said that Japan has always been an important partner in India’s development journey. From metros to manufacturing, from semiconductors to startups, this partnership symbolizes mutual trust in every sector.

Japanese companies have invested over 40 billion dollars in India. PM Modi said that India Japan collaboration has been highly successful in the manufacturing and auto sector.

Together, we can replicate that success in batteries, robotics, semiconductors, shipbuilding, and nuclear energy.

He said that the success stories of Suzuki and Deccan can become success stories of others too. He urged everyone to come, Make in India, Make for the world.

The PM highlighted that today, India has political and economic stability, transparency in policies, and predictability. India is currently the fastest-growing major economy in the world and is soon set to become the third-largest economy globally.

He said that behind this transformation is our approach of Reform, Perform, and Transform.

Speaking on the occasion, Japan PM Shigeru Ishiba said that Japan’s advanced technology and India’s outstanding talent complement each other, leading to a dramatic expansion of our economic ties.

He highlighted that many Japanese companies are playing a key role in Make in India.

He said that the signing of new cooperation documents between our companies demonstrates Japan’s firm commitment to further increase its investment in India. It is clear evidence that we are steadily building our supply chain centred around our two nations.