External Affairs Minister S. Jaishankar set a goal of Yen 5 trillion (about $42 billion) in investments between India and Japan by 2027. Speaking in Tokyo, Jaishankar emphasised the developing economic connection and cited substantial progress under Prime Minister Narendra Modi’s leadership.
Over the last decade, India has built eight new airports per year, 1.5 to 2 new metro lines in various cities, and 28 kilometres of highways per day. Furthermore, 8 km of railway tracks are laid daily, and the number of educational institutions has doubled, supporting 1,600 global capacity centres worth more than $100 billion in exports each year.
Jaishankar emphasised the importance of Japanese enterprises in India, with 1,400 now functioning in the nation. The goal is to increase Japanese investment, particularly in semiconductors, electric vehicles, high-speed rail, and green energy.
Jaishankar spoke with Japan’s Foreign Minister Yoko Kamikawa, Australia’s Penny Wong, and US Secretary of State Antony Blinken during the Quad foreign ministers’ conference in Tokyo on July 29. The leaders reiterated their commitment to regional cooperation, naming India as the next host of the Quad Leaders’ Summit later this year, followed by the United States hosting the Quad Foreign Ministers’ Meeting in 2025.
