Modi Aims for 10 Trillion Yen Japanese Investment in India by 2035
Prime Minister Narendra Modi set a goal to attract 10 trillion yen in Japanese investment to India over the next decade during the 15th India-Japan Annual Summit in Tokyo on August 29–30, 2025, framing a 10-year roadmap that prioritizes AI, semiconductors, digital partnership 2.0, rare earths, and clean energy, with a strong push to link SMEs and start-ups for supply chain resilience and innovation-led growth. Building on the earlier 5 trillion yen target set in 2022 and reportedly achieved by 2025, the upgraded target is embedded in wider economic security initiatives and new cooperation frameworks, including a Joint Crediting Mechanism for decarbonization and declarations on clean hydrogen/ammonia, defence-industrial collaboration, and human-resource exchanges targeting 500,000 personnel in five years, including 50,000 skilled professionals from India. The announcements, made alongside Japanese Prime Minister Shigeru Ishiba, underscore shared commitments to a free and rules-based Indo-Pacific and highlight sectoral tie-ups spanning technology, mobility, health, and industrial capital goods, with multiple outlets noting the investment’s approximate value of $67–68 billion and its timing amid global trade turbulence.