PM Modi Delivers 'Make in India, Make for World' Pitch to Japanese Investors in Tokyo Summit
Prime Minister Narendra Modi has issued a compelling invitation to Japanese businesses during his address at the India-Japan Joint Economic Forum in Tokyo, urging them to "Come make in India, make for the world." The high-profile pitch came during his two-day official visit to Japan, where he is conducting summit talks with Japanese counterpart Shigeru Ishiba.
Japan Commits $68 Billion Investment Over Next Decade
The visit has yielded significant investment commitments, with reports indicating that Japan plans to invest 10 trillion Yen ($68 billion) to strengthen bilateral business relations with India over the next decade. This massive investment will span multiple high-growth sectors including artificial intelligence, semiconductors, environmental technology, and medicine.
This substantial financial commitment underscores Japan's confidence in India's economic trajectory and growth potential across technology-intensive industries.
Impressive Track Record of Japanese Investment
PM Modi highlighted the successful partnership between the two nations, noting that Japanese companies have already invested over $40 billion in India. The Prime Minister emphasized Japan's role as a crucial partner across diverse sectors, from cutting-edge semiconductors to innovative startups.
The strong foundation of existing investments provides a solid platform for the ambitious expansion plans outlined during the summit discussions.
Outstanding Business Performance Metrics
The Prime Minister presented compelling statistics demonstrating the success of Japanese businesses in India:
- 80% of Japanese companies express intentions to expand their operations in India
- 75% of Japanese firms are already generating profits from their Indian operations
- Capital invested in India doesn't just grow but "multiplies" according to PM Modi's assessment
These remarkable success rates indicate the favorable business environment and market opportunities that India offers to international investors, particularly in technology and manufacturing sectors.
India's Economic Transformation Highlights
PM Modi outlined the significant changes that have transformed India's investment landscape over the past eleven years:
Political Stability: Consistent governance providing predictable policy framework for long-term business planning. Economic Stability: Robust economic fundamentals supporting sustained growth and investment returns. Policy Transparency: Clear and transparent policy-making processes reducing regulatory uncertainty for businesses.
The Prime Minister emphasized that India stands as the world's fastest-growing major economy and is positioned to become the third-largest global economy in the near future.
Technology and Infrastructure Partnerships
The visit includes strategic site visits that underscore the technological partnership potential between the two nations. PM Modi is scheduled to visit:
- Tokyo's Electron Factory - showcasing advanced semiconductor manufacturing capabilities
- Tohoku Shinkansen plant in Sendai - where bullet train coaches are manufactured
These visits, accompanied by Japanese PM Ishiba, are expected to advance discussions on Tokyo's participation in India's bullet train project, representing a significant infrastructure collaboration opportunity.
Success Stories as Investment Models
PM Modi referenced the remarkable success of Japanese companies in India, specifically highlighting Suzuki and Daikin as exemplary cases of successful Japanese investment and operations in the Indian market. These companies have demonstrated how Japanese businesses can leverage India's manufacturing capabilities to serve both domestic and global markets effectively.
The Prime Minister encouraged other Japanese firms to replicate these success stories, emphasizing the potential for similar achievements across various sectors.
Global South Development Partnership
The discussions extended beyond bilateral cooperation to encompass broader international development objectives. PM Modi proposed joint collaboration in supporting Global South development, particularly in Africa, where combined India-Japan expertise and resources could create significant developmental impact.
This strategic partnership approach positions both nations as leaders in South-South cooperation and technology transfer to developing economies.
Investment Implications for Indian Markets
The substantial Japanese investment commitment and partnership expansion present several market opportunities:
- Technology sector companies may benefit from increased Japanese partnerships and investments
- Semiconductor manufacturing firms could see enhanced collaboration opportunities
- Infrastructure and construction companies may gain from bullet train and transport projects
- Manufacturing companies positioned to serve as joint venture partners or suppliers
Strategic Sectors for Future Growth
The $68 billion investment pipeline across artificial intelligence, semiconductors, environmental technology, and medicine indicates significant growth potential in these high-value sectors. Companies operating in these domains should expect increased partnership opportunities and potential technology transfer benefits.
The focus on advanced manufacturing and technology-intensive sectors aligns with India's vision of moving up the value chain and becoming a global manufacturing hub for sophisticated products.
Long-term Economic Partnership Vision
The summit discussions reflect a shared vision for long-term economic partnership that extends beyond traditional trade relationships. The emphasis on joint global market development and third-country partnerships suggests an evolving strategic alliance that could reshape regional economic dynamics.
For investors, this represents an opportunity to participate in one of the most significant bilateral economic partnerships in the Asia-Pacific region, with potential for sustained growth over the coming decade.
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