Narendra Modi receives Japanese delegation, discusses economic ties

The delegation was led by Takeshi Niinami, Chairperson of Keizai Doyukai.

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"The discussion covered strengthening bilateral trade, enhancing investment opportunities, and fostering collaboration in key sectors such as Agriculture, Marine Products, Space, Defence, Insurance, Technology, Infrastructure, Civil aviation, Clean energy, Nuclear Energy and MSME partnership," read a statement issued by the Prime Minister's Office.

India-Japan Partnership

Modi highlighted the India-Japan Special Strategic and Global Partnership and reaffirmed India’s determination to provide a business-friendly environment.

He highlighted the Japan Plus system developed in India to facilitate and fast-track Japanese investments in India.

He further emphasized that there should be no ambiguity or hesitation for investors.

India’s governance is policy-driven, and the government is committed to ensuring a transparent and predictable environment.

Aviation Sector

Modi spoke about the immense scale of growth of aviation sector in the country.

He also mentioned that India is also working towards building significant infrastructure, including the construction of new airports and the expansion of logistics capabilities.

AI Collaboration

Modi said that given India's vast diversity, the country will play a major role in the AI landscape.

He emphasized the importance of collaboration with those involved in AI, encouraging them to partner with India.

Green Energy

Modi also highlighted that India is making significant strides in the field of green energy, having launched a mission focused on biofuels.

He said that the agricultural sector, in particular, stands to benefit from biofuels as an important value addition.

Prime Minister talked about opening up of  insurance sector and about ever widening opportunities in cutting edge sectors in space and nuclear energy.

The Keizai Doyukai delegation, comprising senior business leaders from Japan, shared their plans for India.

They also expressed interest in exploiting complementarities between India and Japan in human resource and skill development.

Both sides expressed optimism about future collaborations and looked forward to deepening business and investment ties in the years ahead.

Niinami Takeshi, Representative Director, President & CEO, Suntory Holdings Ltd appreciated the thriving relations between India and Japan under PM Modi, as per the official statement.

He said he sees a huge opportunity for Japan to invest in India.

He emphasized the vision of PM Modi of Make in India, Make for the World.

Tanakaa Shigehiro, Corporate Senior Executive Vice President and Chief Government Affairs Officer, NEC Corporation remarked that PM Modi explained very clearly his vision and expectations for Japanese industry to invest in India.

"The meeting underscored Japanese business' support and commitment to the vision for Viksit Bharat @2047 in a meaningful and mutually beneficial manner," the statement said.