Tokyo [Japan], August 29 (ANI): Prime Minister Narendra Modi on Friday, during his address in Tokyo, described India as a “powerhouse of talent” and urged Japanese business leaders to “make in India and make for the world.”
Speaking at the India-Japan Economic Forum, Modi began his remarks with “Namaskar, Konnichiwa,” and highlighted India’s rapid growth, political and economic stability, farsighted policymaking, and predictability as key reasons why the country is emerging as a global investment hub.
“Today, India is the world’s fastest-growing economy and is on its way to becoming the third-largest economy,” Modi said. He emphasized that the partnership between India and Japan—spanning metros, manufacturing, semiconductors, and start-ups—has become a symbol of mutual trust.
The Prime Minister pitched for deeper collaboration with Japan in manufacturing, technology, innovation, green energy, and skill development. “In manufacturing and the auto sector, our collaboration has been highly successful, as Prime Minister (Shigeru Ishiba) has already elaborated. We can create the same magic together in batteries, robotics, semiconductors, shipbuilding, and nuclear energy,” Modi said.
Calling the India-Japan partnership both “strategic and smart,” he noted that the two countries have transformed shared interests into shared prosperity. “India is the springboard for Japanese business to the Global South. Together, we will shape the Asian century for stability, growth, and prosperity,” he added.
Modi underlined that India and Japan can jointly contribute to the development of the Global South, particularly Africa. He hailed Japanese investments in India, noting that companies from Japan have invested $13 billion in the last two years alone.
Citing a report presented at the India-Japan Business Forum, Modi highlighted that “India is the most promising destination” for investment. “Eighty percent of companies want to expand in India, and 75 percent are making profits. In India, capital does not just grow, it multiplies,” he said.
The Prime Minister also spoke about India’s skilled youth workforce, which he said can meet global demand. “Japan can benefit from training Indian talent in the Japanese language and other specialized skills to create a Japan-ready workforce. A shared workforce will lead to shared prosperity,” he remarked.
On green energy, Modi said India is moving rapidly toward its goal of 500 GW of renewable energy by 2030 and 100 GW of nuclear power by 2047. “Whether it is solar cells or green hydrogen, there are immense partnership opportunities between India and Japan. By leveraging the joint credit mechanism, we can collaborate in building a clean and green future,” he said.
He further pointed to India’s progress in next-generation mobility and logistics infrastructure over the last decade. “Our port capacities have doubled. With Japan’s cooperation, work is underway on the Mumbai-Ahmedabad high-speed rail project. But our journey doesn’t stop here. Japan’s excellence and India’s scale can create a perfect partnership,” Modi added.
In his concluding remarks, Modi said India and Japan together would shape the Asian Century for stability, growth, and prosperity. He also held summit talks with Japanese Prime Minister Shigeru Ishiba during the visit. Modi’s previous visit to Japan for the Annual Summit was in 2018. (ANI)
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