Japan to invest $68 billion in India over next decade, with focus on SMEs and startups: PM Modi

Prime Minister Narendra Modi on Friday said that India and Japan have set a target of 10 trillion yen (approximately $68 billion) in Japanese investments into India over the next ten years.

Addressing a joint briefing alongside Japanese Prime Minister Shigeru Ishiba, PM Modi said, “We have set a goal of investment of 10 trillion yen from Japan in India in the next 10 years. Special emphasis will be laid on connecting India’s and Japan’s small and medium enterprises and startups.”

#WATCH | Tokyo, Japan: PM Narendra Modi says, “We have set a goal of investment of 10 Trillion Yen from Japan in India in the next 10 years. Special emphasis will be laid on connecting India’s and Japan’s small and medium enterprises and startups.”

(Video: ANI/DD) pic.twitter.com/d2pnnaNC93

— ANI (@ANI) August 29, 2025

Describing his discussions with Japanese PM as both “productive and purposeful,” PM Modi said that as the two largest economies of the world and living democracies, India-Japan partnership is essential not just for the two countries but also for global peace and security.

#WATCH | Tokyo, Japan: PM Narendra Modi says, “…Our discussions today were productive as well as purposeful. We agree that as the two largest economies of the world and living democracies, our partnership is essential not just for the two countries but also for global peace and… pic.twitter.com/2MhYbpsRmx

— ANI (@ANI) August 29, 2025

“Strong democracies are natural partners in shaping a better world. Today, we have laid the foundation of a new and golden chapter in our special strategic and global partnership,” he added.

PM said that a clear roadmap has been charted for the next decade.

“At the center of our vision lie investment, innovation, economic security, environment, technology, health, mobility, and people-to-people exchanges,” the Prime Minister added.

PM Modi said while addressing the India-Japan Business Forum, he urged Japanese companies to deepen their engagement with India’s manufacturing sector.

Emphasising India’s potential as a global production hub, PM Modi said, “Even in the India-Japan Business Forum, I told the Japanese companies — Make in India, Make for the World.”

Earlier in the day, PM Modi held summit talks with Ishiba, with an aim to further expand overall bilateral ties, including in areas of trade, investment and emerging technologies.

The two leaders met for the 15th India-Japan summit hours after PM Modi landed in the Japanese capital.

Before the summit talks, the prime minister, addressing the India-Japan Business Forum, said Japan’s technology and India’s talent together can lead the tech revolution of this century.

Former Japanese prime ministers Yoshihide Suga and Fumio Kishida also called on PM Modi.

The volume of India-Japan bilateral trade was recorded at $22 billion in 2023–24.

Japan is India’s fifth-largest source of foreign direct investment, with $43.2 billion cumulative investment recorded up to December 2024.

With inputs from agencies