Japanese Prime Minister Sanae Takaichi is on a three day official visit to India.
India and Japan have decided to accelerate their economic partnership. At the India–Japan Joint Economic Forum, Prime Minister Narendra Modi announced the launch of “Japan Business Week” to address the concerns of Japanese companies operating in India. Under the initiative, senior officials from the Prime Minister’s Office (PMO) will engage directly with Japanese investors.
PM Modi said that two-thirds of all Suzuki cars sold globally are now manufactured in India and exported to more than 100 countries. He also announced that around 1,000 fertilizer plants will be set up across the country with Japanese cooperation.
The two countries have also set a target of attracting 10 trillion yen in Japanese investment into India over the next 10 years. Prime Minister Modi and Japanese Prime Minister Sanae Takaichi jointly inaugurated Maruti Suzuki’s fourth vehicle manufacturing plant in Kharkhoda, Haryana.
Beginning his address, Modi referred to Sanae Takaichi as his “younger sister.” He said that the combination of India’s capabilities in technology, investment, and manufacturing with Japan’s strengths would benefit not only the two countries but also the rest of the world.
Takaichi was welcomed with a guard of honour at Rashtrapati Bhavan on Thursday.
Takaichi is on her first visit to India since becoming Prime Minister. During her three day visit, she will also attend the India-Japan Business Forum, where discussions will centre on boosting investment and strengthening economic cooperation between the two countries.
Modi and Takaichi met at Hyderabad House. The two leaders shook hands.
Japanese PM Sanae Takaichi has come to India for the first time.
Japanese PM Sanae Takaichi was welcomed by Union Minister Jitendra Singh.
India and Japan prepare for dollar-free trade
India and Japan are preparing to reduce their reliance on the US dollar in bilateral trade. According to a Nikkei Asia report, the two countries are working on a mechanism that would allow trade transactions to be settled directly in Indian rupees and Japanese yen.
The proposal is expected to be announced following talks between PM Modi and Japanese Prime Minister Sanae Takaichi during their meeting in New Delhi.
Modi and Takaichi met during the G20 summit in South Africa in November 2025.
Updates
Two out of every three Suzuki cars are manufactured in India
Suzuki manufactures around 3 million cars globally every year. Of these, nearly 2 million vehicles are produced in India alone. In other words, two out of every three Suzuki cars (about 66%) are manufactured in India.
These vehicles are produced at Maruti Suzuki’s manufacturing plants in Haryana and Gujarat. In the 2024–25 financial year, Maruti Suzuki produced more than 2 million vehicles and exported over 332,000 cars to more than 100 countries.
Rajasthan’s ‘Mini Japan’
Neemrana, in Rajasthan’s Alwar district, is popularly known as India’s “Mini Japan” or “Japanese Town.” The title comes from the country’s first Japanese Industrial Zone, which was jointly developed by the Rajasthan government’s RIICO and Japan’s trade organization JETRO. The project was aimed at creating a favourable environment for Japanese companies to invest and do business in India.
Spread across nearly 1,160 acres, the industrial zone is now home to more than 50 Japanese companies. It houses major manufacturing plants producing automobiles, electronics, air conditioners, machinery, and auto components. Together, these companies have invested thousands of crores of rupees and generated employment for more than 26,000 people.
Will work with India to counter all forms of threats
Japanese Prime Minister Sanae Takaichi said that India and Japan are Asia’s two major democratic powers.
She said the two countries will work together to uphold the rule of law and jointly oppose any attempts to change the status quo through threats, coercion, or the use of force.
Japanese investment in India should exceed 10 trillion yen
Addressing the India–Japan Joint Economic Forum, Prime Minister Narendra Modi said Japanese investment in India should exceed 10 trillion yen (approximately ₹5.9 lakh crore) over the next 10 years.
Modi made the remarks while addressing industrialists, investors, and business representatives from both countries. He was speaking at the forum in the presence of Japanese Prime Minister Sanae Takaichi.
India, Japan will jointly manufacture semi conductors, critical minerals for world: PM Modi
PM Modi says India and Japan will jointly produce semiconductors and critical minerals to provide the world with a resilient supply chain.
PM Modi: India will make it easier for Japanese firms to expand business here
PM Modi says that the PMO office will conduct a dedicated Japan business week where officials will talk about how to make it easier for Japanese companies to expand business in India amid other things.
Japanese PM has fascination for bikes: PM Modi
PM Modi says that India is the world’s fastest-growing major economy. He adds that the Japanese PM has a fascination with bikes.
Many Japanese companies are working in India for more than 100 yrs: PM Modi
At the India-Japan Joint Economic Forum, PM Modi says that many Japanese companies have been working in India for more than 100 years.
Vehicles will run on biogas produced from cattle dung: Japanese PM
Japanese PM Sanae Takaichi says India and Japan have announced a new project to manufacture energy from cattle dung. She adds that the biogas will power vehicles.
PM Modi virtually inaugurates ‘one of world’s largest car factory’ from New Delhi
PM Modi inaugurates one of the world’s largest car factory in Kharakoda in Sonipat district of Haryana. Maruti Suzuki CEO Hisashi Takeuchi says the Kharakoda factory is the most advanced car manufacturing facility of his company.
1,400 Japanese companies have presence in India
A Japanese diplomat at the business forum says 1,400 Japanese companies have a presence in India. He adds that there are still many areas in which such firms can explore opportunities.
Over 80% of Japanese firms operating in India will expand work here
At the India-Japan Joint Economic Forum, a Japanese diplomat says more than 80% of Japanese companies operating in India will expand their work here.
Japanese PM Takaichi attends India-Japan Joint Economic Forum in New Delhi
PM Modi and his Japanese counterpart Sanae Takaichi attend the India-Japan Joint Economic Forum in New Delhi on Thursday, 2, July, 2026.
High-paying jobs available for Indians in Japan: Commerce Minister
Union Minister of Commerce and Industry Piyush Goyal says high-paying jobs are available for Indians in Japan. He adds that learning the Japanese language and culture will help Indian students studying there get jobs.
Japan to invest up to $70 billion in India
At the ongoing 15th Japan-India Summit, Japan committs to invest 100 trillion yen, equivalent to approximately $65-70 billion, across various Indian sectors, infrastructure, and industry.
India, Japan to build arms & ammunition for each other’s defence forces
India and Japan on Thursday unveiled a raft of initiatives, including a defence pact to co-develop military hardware following talks between Prime Minister Narendra Modi and his Japanese counterpart Sanae Takaichi.
India, Japan launch new energy and mobility partnership
PM Narendra Modi announced that India and Japan have launched a new initiative on energy resilience to strengthen cooperation against challenges such as global oil shocks. He said the two countries will also expand collaboration in batteries, green hydrogen and nuclear energy to support the global transition to clean energy.
Modi said India and Japan regard economic security as shared security and energy transition as a shared opportunity. He also announced the launch of the India-Japan Next Generation Mobility Partnership Framework to deepen cooperation in future mobility and clean technologies.
New biogas initiative to bring 1,000 plants across India
India and Japan have agreed on a joint roadmap to strengthen economic security, with a focus on building resilient supply chains in strategic sectors, including semiconductors, quantum technology and advanced materials, Prime Minister Narendra Modi said.
Modi also announced key decisions on energy security. Under the India-Japan Biogas Initiative, 1,000 biogas and organic fertiliser plants will be established across India. He said the initiative will strengthen the GOBARdhan scheme while promoting sustainable development, rural prosperity and employment.
Japanese PM says, Japan and India must grow stronger together
Japanese PM Sanae Takaichi said Japan and India should build on their respective strengths to become stronger and more prosperous together amid growing global uncertainty.
Speaking alongside Prime Minister Narendra Modi, Takaichi said the two leaders agreed to further strengthen bilateral ties and confirmed they were “on the same page” on key strategic issues. Referring to Modi calling her his “younger sister”, she said the relationship reflected the close friendship and mutual trust between the two countries, adding that both nations would continue expanding cooperation across strategic and economic sectors.
India, Japan launch energy initiatives, deepen defence and critical minerals cooperation
Japanese Prime Minister Sanae Takaichi announced a series of new initiatives to strengthen India-Japan ties, including a bilateral dialogue on India’s petroleum stockpiling system and closer cooperation on critical minerals and energy security. She also reaffirmed Japan’s support for India’s membership of the International Energy Agency (IEA).
On defence, Takaichi said a Japanese Maritime Self Defence Force destroyer and an Indian Navy vessel will hold a joint exercise. She added that both countries will expand naval exercises in the Indian Ocean, enhance defence equipment cooperation under the Make in India initiative and convene the next India-Japan 2+2 Ministerial Dialogue before the end of the year.
PM Modi says, ‘India eyes 10 billion in Japanese investment’
PM Modi said India aims to attract 10 billion in Japanese investment and double the number of Japanese companies operating in the country over the next decade.
PM said the India Japan investment partnership is growing steadily, with around 120 new business agreements signed over the past year, expected to bring more than 10 billion US dollars in Japanese investment to India.
He added that the agreement between the two countries’ financial regulators would further ease the flow of capital and investment, while India’s ongoing reforms have created greater opportunities for Japanese businesses.
Japanese PM invites PM Modi to Japan
Japanese Prime Minister Sanae Takaichi invited Prime Minister Narendra Modi to visit Japan.
PM Modi says, India, Japan prioritise free Indo Pacific
Prime Minister Narendra Modi said a free, prosperous and rules based Indo Pacific remains a shared priority for India and Japan, as both countries seek to strengthen regional peace and stability.
PM Modi said India and Japan are among the world’s largest economies and have launched several important initiatives to deepen cooperation. He said the decisions taken during the summit would help advance peace, stability and sustainable progress across the Indo Pacific region.
‘India, Japan begin a new chapter in Special Strategic and Global Partnership’, says PM Modi
PM Narendra Modi said India and Japan are embarking on a new chapter in their Special Strategic and Global Partnership, highlighting the strong bond of trust between the two countries.
Speaking during a joint press statement with Japanese Prime Minister Sanae Takaichi, Modi said that in today’s uncertain global environment, mutual trust is the greatest strategic asset. He noted that Japan has played a vital role in India’s growth over the past few decades, particularly in sectors such as automobiles and electronics, helping build a lasting partnership based on friendship and trust.
Modi said Takaichi’s visit marks the beginning of a new phase in bilateral ties, with both countries committed to expanding cooperation across strategic and economic sectors.
PM Modi, Japanese PM witness exchange of MoUs
Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi witnessed the exchange of Memorandums of Understanding (MoUs) following their bilateral talks at Hyderabad House in New Delhi.
PM Modi, Japan’s PM Takaichi address joint press conference after summit talks
PM Modi and Japanese Prime Minister Sanae Takaichi addressed a joint press conference at Hyderabad House in New Delhi after holding bilateral and delegation level talks during the 16th India Japan Annual Summit. The leaders reviewed progress in the India Japan Special Strategic and Global Partnership and discussed ways to deepen cooperation in trade, investment, energy security, technology, semiconductors, critical minerals, resilient supply chains, maritime security and defence.
Japan PM Takaichi accorded ceremonial welcome at Rashtrapati Bhavan
Japanese Prime Minister Sanae Takaichi was accorded a ceremonial welcome at the forecourt of Rashtrapati Bhavan during her official visit to India.
Sharing the update, Ministry of External Affairs spokesperson Randhir Jaiswal said the ceremony reflected the two countries’ special partnership, describing it as “a partnership for the future, built on trust and rooted in shared values.”
PM Modi and PM of Japan hold delegation level talks at Hyderabad House
Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi held delegation level talks at Hyderabad House in New Delhi during the 16th India Japan Annual Summit.
Less dependence on the US dollar; direct payments through special accounts
If the proposal is implemented, India and Japan will, for the first time, have a formal system for settling trade in their own currencies.
Under the plan, Japanese companies will be able to open special accounts with Indian banks and make payments directly in Rupees and Yen. This would remove the need to use the US dollar or banks in a third country for trade transactions.
The system is expected to reduce foreign exchange conversion costs, lower transfer charges and allow faster payments. Both countries believe it will make trade easier while saving businesses both time and money.
Agreement reached in 2025; implementation now being prepared
To promote trade in local currencies, Japan’s Ministry of Finance is preparing to sign a Memorandum of Cooperation (MoC) with the Reserve Bank of India (RBI) during the 2026 financial year.
The proposal is not new. During Prime Minister Modi’s visit to Japan in August 2025, the two countries released a joint vision document for the next 10 years, which included plans to expand trade using local currencies and payment systems. The proposal is now moving towards implementation.
India has also been promoting international trade in Rupees over the past few years.
In July 2022, the RBI introduced the Special Rupee Vostro Account to facilitate trade in Rupees with other countries. The scheme was later expanded to allow foreign banks to invest surplus funds held in these accounts in Indian government bonds.
Indian Prime Minister Modi and Japan’s then PM Shigeru Ishiba at the 15th India-Japan Summit.
Growing Japanese investment in India
Economic ties between India and Japan continue to strengthen.
Trade between the two countries reached 27.5 billion US dollars during the 2025-26 financial year. Between April and December 2025, Japan invested 3.2 billion US dollars in India. It has also set a target of investing more than 61 billion US dollars in India over the next 10 years.
Around 1,400 Japanese companies currently operate in India, with nearly half involved in the manufacturing sector.
Japan is also investing in several major infrastructure projects, including the Mumbai-Ahmedabad High-Speed Rail project. Recently, a Japanese company also invested 1.6 billion US dollars to acquire a 20% stake in Yes Bank.
During the visit, the two leaders are also expected to meet industry representatives and discuss the Quad, Indo-Pacific security and broader strategic cooperation.
