Modi in Japan news: PM makes big annoucement during visit

Modi in Japan news – Prime Minister Narendra Modi arrived in Tokyo on his two-day visit to Japan. Addressing the business community at the India-Japan Joint Economic Forum held here, he said that Japanese industrialists should increase production and investment in India. Modi appealed – “Come, Make in India, Make for the World.”

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Japan promises $ 68 billion in India

According to a report by Japanese media platform Nikkei Asia, Japan is planning to invest 10 trillion yen (about $ 68 billion) to strengthen business partnerships with India in the coming ten years. This investment will mainly focus on artificial intelligence, semiconductors, environment and health sector.

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Profit of Japanese companies in India

  • In his address, Modi said that so far Japanese companies have invested more than $ 40 billion in India.
  • 80 percent of the companies want to expand their business in India.
  • At the same time, 75 percent of the companies are already making profits in India.

He said, “Investment in India is not only safe, but it returns manifold. In the last 11 years, the country has achieved new heights with political stability, economic strength and transparent policies.”

India: On the way to becoming the third largest economy

Modi said that India is currently the fastest growing economy in the world and in the coming times it will emerge as the third largest economy. He appealed to the businessmen that “the success of companies like Suzuki and Daikin can become an inspiration for new investors in India.”

Bullet train project will be discussed

During this visit, Prime Minister Modi will also visit Tokyo’s Electron Factory and Tohoku Shinkansen Plant (Sendai), where bullet train coaches are manufactured. Japanese Prime Minister Shigeru Ishiba will also accompany him. There will be a discussion between the two leaders on taking forward the India-Japan bullet train project.

Cooperation in the Global South and Africa

Modi said India and Japan together can play an important role in the development of the Global South, especially Africa. He reiterated – “Come to India, produce and deliver to the world.”

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