PM Shigeru Ishiba: Japan-India Economic Ties Expand, Building Robust Supply Chains

Strengthening Japan-India Economic Cooperation

• 💡 Prime Minister Shigeru Ishiba highlighted the dramatic expansion of economic ties between Japan and India, driven by Japan's advanced technology complementing India's talent and vast market.
• 🎯 Japanese companies are playing a key role in 'Make in India', with cooperation extending across the Pacific, Indian Ocean, Africa, and Europe.
• 🤝 The signing of numerous cooperation documents demonstrates Japan's firm commitment to further investment and strengthening collaboration, steadily building robust supply chains.

Key Initiatives for Future Growth

• 🌱 The first key initiative is the promotion of people-to-people exchanges, identified as the foundational element for enriching the future of both nations.
• 🚀 The second initiative focuses on the fusion of technology and market, aligning with Prime Minister Modi's policy of building a self-reliant Indian economy.
• 🛠️ The third initiative involves cooperation in critical technology sectors to ensure further economic development and security.

Advancing Technology and Infrastructure

• ✅ Japanese technology has built a strong record in supporting India's economic foundations, including the goal of running the Japanese Shinkansen train across Indian soil and the Mumbai-Ahmedabad high-speed rail project.
• 📈 Significant Japanese investment is seen in the automobile sector, with companies like Suzuki and Toyota undertaking new initiatives, including the development of biofuel vehicles crucial for decarbonization and rural development.
• 🔬 Collaboration is actively progressing in semiconductors, batteries, AI, space, and clean energy, with Japanese companies investing locally and engaging in business matching to build resilient supply chains.

Government Support and Economic Security

• 🔑 Building resilient supply chains with reliable partners and ensuring economic security are essential in an increasingly uncertain global economy.
• 💬 A joint action plan was announced by Jetro and industries from both countries to advance concrete cooperation.
• 👏 The Japanese government, alongside the Indian government, will firmly support the business community in realizing the immense potential of bilateral cooperation.