Tokyo, Aug. 29 – Japan has pledged to invest 10 trillion yen (about $68 billion) in India over the next decade, as Prime Minister Narendra Modi and his Japanese counterpart Shigeru Ishiba on Friday unveiled a wide-ranging plan to deepen strategic and economic ties.
The investment roadmap, announced after summit talks in Tokyo, covers key areas including defence, technology, critical minerals, cybersecurity, and maritime security. The leaders described the initiative as a milestone in the India-Japan “special strategic and global partnership,” which they said has gained greater urgency amid global trade disruptions triggered by U.S. tariff policies.
“We have set a target of 10 trillion yen investment in India from Japan in the next 10 years,” Modi said in a joint press appearance alongside Ishiba. He added that the two countries have drawn up a decade-long framework for cooperation in “investment, innovation, and economic security.”
Modi, who arrived in Tokyo earlier in the day, stressed that stronger ties between New Delhi and Tokyo are crucial not only for their national development but also for regional stability. “India-Japan cooperation is vital for global peace and stability. Together, we have laid a foundation for a new and golden chapter in our partnership,” he said.
Both leaders reaffirmed their shared vision for a “free, open, peaceful, prosperous and rules-based Indo-Pacific.” The partnership, Modi noted, is built on “mutual trust, reflects our national priorities and is shaped by shared values and beliefs. Strong democracies are natural partners in shaping a better world.”
The discussions also touched on common security concerns. Modi said India and Japan face similar challenges in terrorism and cybersecurity, underscoring the need for greater coordination in defence and innovation. “We will further strengthen our cooperation in the defence industry and maritime security,” he said.
Prime Minister Ishiba, echoing Modi’s remarks, said the partnership must evolve to address next-generation challenges. “India and Japan need to take advantage of each other’s strengths to meet the demands of the future,” he said.
The summit outcome reflects the countries’ deepening alignment on economic and security issues as both navigate a shifting global order.
