Page 51 - NIS English 01-15 October, 2025
P. 51

A New Chapter in Economic Partnership

                Japan to invest 10 trillion


              yen in India over 10 years





                 The relationship between India and Japan is based on a long historical
              foundation spanning over 1400 years, rooted in spiritual affinity and strong
             cultural and civilizational ties, dating back to the spread of Buddhism. Under
               the leadership of Prime Minister Narendra Modi, these historical ties have
               been transformed into a special strategic and global partnership. His visit
              to Japan on August 30-31 has added a new chapter of economic and future
                                    partnership to this close relationship.


                 s  two  major  economies  and  vibrant      invested in the last two years alone.
                 democracies,  the  partnership  between       Prime  Minister  Narendra  Modi  also  mentioned
                 India  and  Japan  is  extremely  important   this growing confidence in India during his address
        Anot only for both countries but also for            to the India-Japan Economic Forum on the first day
        global peace and stability. The growing confidence   of his visit. He said that our partnership, from metro
        and partnership between Japan and India can be       projects to manufacturing, and from semiconductors
        seen in the statements of the Japan Bank for Inter-  to startups, has become a symbol of mutual trust. PM
        national Cooperation (JBIC) and the Japan External   Modi  also  highlighted  India’s  transformation  story
        Trade  Organization  (JETRO).  While  JBIC  considers   over  the  last  11  years  with  his  mantra  of  Reform,
        India a promising destination, JETRO states that 80   Perform, and Transform. He said that India today has
        percent of Japanese companies want to expand in      political and economic stability, policy transparency,
        India, and 75 percent of these are profitable. With   and is the fastest-growing economy, soon to become
        this confidence, Japanese companies have invest-     the third largest in the world. India has emphasized
        ed more than $40 billion in India, with $13 billion   ease of doing business and introduced a single-win-


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