Indian Prime Minister Narendra Modi arrived in Tokyo on 29 August for the India-Japan Joint Economic Forum and held talks with Japanese Prime Minister Shigeru Ishiba. The two leaders agreed to issue a 10-year "joint vision" that deepens economic and security cooperation as New Delhi seeks to reduce its reliance on China and navigate frictions with the United States. Central to the plan is Tokyo’s pledge to mobilise up to ¥10 trillion (about $68 billion) of public- and private-sector investment in India over the next decade. The package targets infrastructure, manufacturing and clean-energy projects, and includes ¥60 billion ($408 million) in financing for a bamboo-to-biofuel refinery in Assam—Japan’s largest clean-energy commitment in northeast India. Japanese automakers such as Suzuki and Toyota are expanding operations, while Shinkansen technology is slated for the Mumbai–Ahmedabad high-speed rail corridor. Beyond capital commitments, the leaders said they will revise the 2008 Joint Declaration on Security Cooperation to cover defence-industry collaboration, expanded joint drills and resilient semiconductor supply chains. A goal of enabling 500,000 two-way personnel exchanges within five years underpins plans to pair Japanese technology with India’s talent in semiconductors, artificial intelligence, quantum computing, biotech and space, which both sides cast as essential for Indo-Pacific stability.
石破首相“インドと人材交流促進 経済安全保障の強化を” https://t.co/tO6ufXITNk #nhk_news
Japan Bank for International Cooperation and private banks to invest around $408 million in bamboo-to-#biofuel refinery in #Assam, marking #Japan's largest clean energy investment in northeast India. More info 👉 https://t.co/SalSswL90W #IndiaJapan #Bamboo | @VMukherjee7
Japan, India to agree on closer economic, security ties for next decade https://t.co/BeEw4qV7SK