India and Japan have set an ambitious target of mobilising 10 trillion yen (approximately USD 67 billion) in Japanese investment into India over the next decade, as announced following the 16th India-Japan Annual Summit in New Delhi on July 2, 2026. The two nations also unveiled a joint roadmap to bolster cooperation in semiconductors, quantum technology, clean energy, and resilient supply chains.
Investment Partnership Gaining Momentum
Addressing a joint press conference with Japanese Prime Minister Sanae Takaichi, Indian Prime Minister Narendra Modi stated that the investment partnership between the two countries is gaining momentum, with 120 new business agreements signed over the past year and Japanese investments worth around USD 10 billion committed to India. "The India-Japan Investment Partnership is continuously strengthening. In the last one year, about 120 new business agreements have been signed, which will bring more than 10 billion dollars of Japanese investment to India," PM Modi said.
Goal to Double Japanese Companies in India
PM Modi outlined the clear goal: "In the next 10 years, to invest 10 trillion yen from Japan to India and double the number of Japanese companies in India. The continuous reforms in India have increased the ease of doing business, which Japanese companies can also benefit from." He noted that agreements between financial services agencies will further facilitate capital and investment flows.
Joint Roadmap on Energy and Economic Security
Both leaders announced a joint roadmap on energy security and economic security in response to global uncertainties. "Through this, we will strengthen supply chain resilience in strategic areas such as semiconductors, quantum and advanced materials," PM Modi stated. He added that important decisions were taken on energy security, including an initiative on energy resilience to deal with situations like oil shocks. "Also, our cooperation in battery, green hydrogen and nuclear energy will make an important contribution to the world's clean energy future. India and Japan together view economic security as shared security and energy transition as shared opportunity," he said.
Japanese PM on Cooperation Priorities
Japanese PM Sanae Takaichi, in her address, confirmed three points at the centre of their cooperation, including economic security and energy security. "As both countries face challenges such as economic weaponization and non-market practices, we need to urgently build resilience in our critical minerals supply chains. Further, in the area of energy security impacted by the Middle East situation, both Japan and India bear the responsibility to provide for region-wide energy security," Takaichi said. She stated that both countries have released a document for the public and private sectors, a joint statement to engage in concrete action for economic security cooperation.
Co-creation of Economic Growth
Takaichi emphasised that cooperation includes co-creation of economic growth through investment and innovation collaboration. "This is economic growth. I am committed to realizing a strong economy and aiming to enhance Japan's supply capability and technological capabilities through investment in 17 strategic areas. Prime Minister Modi launched Viksit Bharat, a national goal to become a developed nation by 2047 and is strongly driving India's growth. In this way, we share the goal of making our countries strong and prosperous through investments in the future," she said.
She also highlighted that around 120 cooperation documents between Indian and Japanese companies, including two trillion yen scale investment, were announced during her visit. "It is our desire to forge a path toward future in India and Japan through unified efforts of public and private sectors," Takaichi added.
Summit Details
Earlier in the day, the leaders held bilateral discussions followed by delegation-level talks. The Indian delegation included External Affairs Minister S Jaishankar, National Security Adviser Ajit Doval, and Foreign Secretary Vikram Misri, among other senior officials. Takaichi received a ceremonial welcome at the forecourt of Rashtrapati Bhavan. She is visiting India from July 1 to 3 at the invitation of PM Modi. PM Modi had visited Japan for the 15th Annual Summit in Tokyo in August 2025. The Annual Summit remains the flagship platform driving the strategic agenda of the partnership.
