India-Japan Economic Forum: PM Modi Calls Japan ‘Key Partner’ in India’s Growth Story
Prime Minister Narendra Modi on Friday underlined the importance of Japan as a “trusted and key partner” in India’s development, while addressing the India-Japan Joint Economic Forum in Tokyo. He urged Japanese companies to expand investments in areas such as technology, innovation, manufacturing, green energy, and skill development.
PM Modi highlighted that Japanese companies have already invested over $40 billion in India, strengthening sectors ranging from automobiles and infrastructure to electronics and supply chain systems.
“Japan has always been an important partner in India’s growth story. Japan is a technology powerhouse, and India is a talent powerhouse. Together, we can drive a new technological revolution,” the Prime Minister said.
India’s Energy & Growth Targets
During his address, PM Modi reaffirmed India’s commitment to clean energy and sustainable growth:
India will achieve 500 GW of renewable energy capacity by 2030.
The country has set a goal of 100 GW nuclear power capacity by 2047.
India and Japan have signed a joint credit mechanism to promote green energy and sustainable development projects.
He also reiterated his government’s “Reform, Perform, Transform” approach, noting that consistent reforms have created a conducive environment for global investors.
India-Japan Synergy
Modi emphasized that “the world is not just watching India, it is counting on India.” He said Japan’s strength in advanced technology and India’s skilled talent pool could together accelerate innovation and create new opportunities in the global economy.
Economic experts say stronger India-Japan cooperation could boost areas such as electric mobility, digital transformation, and energy transition, while also supporting India’s goal of becoming a major manufacturing hub.
