Punjab Newsline | New Delhi
India and Japan have decided to accelerate their economic partnership with a series of major initiatives aimed at strengthening trade, investment, and manufacturing ties. Speaking at the India-Japan Joint Economic Forum, Prime Minister Narendra Modi announced the launch of 'Japan Business Week', a new initiative designed to address concerns faced by Japanese companies investing in India.
Under the initiative, senior officials from the Prime Minister's Office (PMO) will directly engage with Japanese investors to resolve business challenges and improve the ease of doing business.
Highlighting the growing manufacturing partnership between the two nations, PM Modi said that two-thirds of all Suzuki cars sold worldwide are now manufactured in India and exported to more than 100 countries. He also announced that, with Japanese collaboration, around 1,000 fertilizer plants will be established across the country to strengthen India's agricultural infrastructure.
The two countries have also set an ambitious target of attracting 10 trillion yen in Japanese investment into India over the next decade, reinforcing their long-term commitment to economic cooperation.
During the event, PM Modi and Japanese Prime Minister Sanae Takaichi jointly inaugurated Maruti Suzuki's fourth automobile manufacturing plant in Kharkhoda, Haryana, marking another milestone in bilateral industrial collaboration.
Beginning his address on a warm note, PM Modi referred to Prime Minister Takaichi as his "younger sister," emphasizing the close relationship between the two nations. He said the combination of India's manufacturing capabilities with Japan's technology and investment would benefit not only both countries but also the global economy.
