Prime Minister Narendra Modi and Japanese Prime Minister Shigeru Ishiba have agreed to deepen economic and strategic cooperation between India and Japan. Meeting in Tokyo, the two leaders announced a plan to increase Japanese private investment in India to about $6.8 billion annually over the next decade, compared to $2.7 billion a year in the previous decade.
They also agreed to expand exchanges of workers and students, aiming for half a million people to move between the two countries within five years. This initiative is expected to help address Japan’s labor shortages while providing new opportunities for India’s young workforce.
Both leaders released a joint vision outlining cooperation in defense, security, clean energy, technology, and space. They emphasized the complementary strengths of Japanese technology and Indian talent, highlighting opportunities in green energy, next-generation mobility, semiconductors, and robotics.
Reaffirming their partnership within the Quad framework with the U.S. and Australia, Modi and Ishiba stressed their commitment to a free, open, and rules-based Indo-Pacific. They expressed concern over rising tensions in the East and South China Seas and opposed unilateral actions to alter the status quo.