 "Prime Minister Narendra Modi greets the Indian diaspora that welcomed him upon his arrival in Tokyo, Japan, on Friday, August 29, 2025. (Photo: X/Narendra Modi)")
Prime Minister Narendra Modi on Friday said that Japan is a key development partner of India.
Modi arrived earlier in the day in Japan on a two-day visit . He will hold talks with Japanese PM Shigeru Ishiba and business leaders.
In an address to the India-Japan Economic Forum in Tokyo, Modi hailed the Indian-Japanese collaboration and urged Japanese businesses to invest in India and export products from India to the world.
“Japan has always been an important partner in India’s development journey — from metros to manufacturing, from semiconductors to startups. Japanese companies have invested more than 40 billion dollars in India,” Modi further said.
From Japan, Modi will travel to China to attend the SCO Summit. He will hold meetings with Chinese leader Xi Jinping and Russian leader Vladimir Putin on the sidelines of the summit.
PM Modi hails India’s strong fundamentals and calls for investments
Recalling his long association with Japan, Modi said that he has known many industrialists present there since his days as the Chief Minister of Gujarat (2001-14). He urged them to invest in India as capital in India “doesn’t just grow but it multiplies”.
Modi further hailed India’s political and economic stability and ongoing reforms aimed at transparency.
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India is on the path to become the third-largest economy of the world and India’s markets are delivering strong returns, said Modi.
In his pitch to Japanese businesses, Modi also referred to initiatives like a simplified tax regime returns in Indian markets.
Modi further said, “A few weeks ago, our parliament also approved a new and simplified tax regime. Japanese companies invested more than $40 billion in India. India is the most promising destination. The world is not just watching India — it is counting on India.”