PM Modi’s Japan Visit to Boost $13 Billion Partnership Across Sectors

Prime Minister Narendra Modi will undertake a two-day visit to Japan from August 29–30 to attend the 15th India-Japan Annual Summit at the invitation of Japanese Prime Minister Shigeru Ishiba. The visit comes at a time when the partnership between the two nations has entered a new phase of accelerated economic and strategic engagement.

Over the past two years, more than 170 Memorandums of Understanding (MoUs) have been signed, representing over $13 billion in committed investments. These cover a wide range of sectors, including steel, automobiles, semiconductors, renewable energy, real estate, aerospace, and human capital development.

Nippon Steel is scaling up its operations with major projects in Gujarat and Andhra Pradesh, while Suzuki Motor has announced investments of over ₹380 billion in new plants and expanded production in Gujarat. Toyota Kirloskar is expanding operations in Karnataka alongside a new ₹200 billion greenfield plant in Maharashtra. In real estate, Sumitomo Realty has invested $4.76 billion, while JFE Steel has committed ₹445 billion to strengthen electrical steel production.

Beyond industry, Japan is playing a vital role in India’s clean energy transition. Sojitz Corporation, in partnership with Indian Oil, is investing $395 million in 30 biogas plants. Suzuki Motor, with support from the National Dairy Development Board and UNIDO, will launch biogas facilities in Gujarat’s Banaskantha district, converting cattle waste into carbon-neutral fuel for CNG vehicles. These projects are expected to reduce emissions, provide farmers with additional income streams, and strengthen rural employment.

The technology and innovation sector is also emerging as a major pillar. Tokyo Electron, Fujifilm, and Tata Electronics are partnering to develop India’s semiconductor ecosystem, integrating Indian small and medium enterprises (SMEs) into global supply chains. Fujitsu is hiring 9,000 Indian engineers for its Global Capability Centre, further strengthening IT-linked collaborations.

Human capital exchange is another area of rapid growth. Under the India-Japan Talent Bridge programme, around 50,000 students and professionals will benefit from study abroad opportunities, internships, and structured industry-academic exchanges over the next five years.

Guided by the shared vision of “Make in India, Make for the World,” the India-Japan partnership is reshaping industries, rural economies, and talent ecosystems. Analysts say Modi’s visit will further consolidate strategic cooperation, while ensuring both countries contribute significantly to regional stability and global economic growth.