Prime Minister Narendra Modi made a strong case for India as a major investment hub, as he called on Japanese business leaders to invest and ‘Make in India.’
While speaking at the India-Japan Joint Economic Forum in Tokyo on Friday, Modi listed various areas where India and Japan can expand their cooperation.
“India has emerged as the most prominent destination for companies, with 80 per cent looking to expand and 70 per cent already earning profits. In India, capital doesn’t just grow, it multiplies.”
Modi is on a two-day visit to Japan, where he is expected to secure investment pledges of upto $68 billion.
From AI to semiconductors, India is tapping into the Japanese know-how and private investments.
According to reports, the two leaders are expected to launch an economic security initiative focused on semiconductors, critical minerals, AI, telecommunications and clean energy.
Moreover, the two sides are expected to frame economic and science and technology cooperation as the “backbone” of bilateral ties.Modi’ visit to Japan comes in the wake of Trump imposing 50% tariff on Indian goods, which is expected to hit critical industries like electronics and textiles.
