From metros to manufacturing, semiconductors to startups- Modi highlights Japan’s vital role in India’s growth

International News:Prime Minister Narendra Modi is on a two-day visit to Japan to participate in the 15th India–Japan Annual Summit. During the visit, he is scheduled to meet Japanese Prime Minister Shigeru Ishiba. After concluding his Japan program, PM Modi will travel to China on August 31 to attend the Shanghai Cooperation Organisation (SCO) summit.

Before his bilateral meetings, PM Modi interacted with the Indian diaspora in Tokyo and addressed the India–Japan Joint Economic Forum. Speaking at the event, he highlighted India’s economic strength, calling it the most attractive destination for global investors.

Japan’s Strong Role in India’s Growth

PM Modi recalled his long-standing connection with Japanese business leaders, saying, “I first knew many of you during my tenure in Gujarat and later as Prime Minister in Delhi. Japan has always been a crucial partner in India’s development journey.”

He underlined that Japanese companies have already invested over $40 billion in India, with $30 billion flowing in during just the last two years. From metro rail projects to manufacturing, semiconductors to startups, he said, India–Japan collaboration has become a symbol of mutual trust.

India on Track to Become the Third-Largest Economy

The Prime Minister emphasized that India has undergone unprecedented transformation in the last 11 years. With political and economic stability, transparent policies, and predictability, India today is the fastest-growing major economy in the world.

He asserted that India will soon emerge as the third-largest economy globally. Highlighting reforms beyond taxation, PM Modi spoke about measures such as ease of doing business and a single-window digital approval system to support entrepreneurs.

PM’s Appeal to Global Investors

Modi pointed out that these reforms reflect India’s firm resolve to become a developed nation, a goal the world has both recognized and appreciated. “S&P Global has upgraded India’s credit rating after two decades. The world is not just observing India—it is relying on India,” he said.

Encouraging deeper cooperation, PM Modi noted that while India and Japan have achieved remarkable success in the automobile sector, similar partnerships can be built in batteries, robotics, semiconductors, shipbuilding, and nuclear energy. He concluded with a global vision, saying, “Together, we can make a strong contribution to the Global South, especially Africa. I invite you all—come to India, invest, and let’s build a better world together.”