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India-Japan Ties "Very Stable," Top JBIC Official Praises MP at Davos WEF

At the World Economic Forum in Davos, the Madhya Pradesh government met with senior officials from the Japan Bank for International Cooperation (JBIC). JBIC's Executive Managing Director, Hashiyama Shigeto, praised the state as an attractive destination for Japanese investment in renewables and manufacturing. He highlighted the exceptional political stability between India and Japan and revealed that India is ranked top globally for potential Japanese manufacturing FDI in 2026. The state also held meetings with executives from Essar Group, Amara Raja Group, and other firms to explore collaborations in energy and technology.

Key Points: JBIC Official: India-Japan Ties Stable, MP Attracts Investment

  • JBIC praises India-Japan political stability
  • India top-ranked for Japanese FDI in 2026
  • Madhya Pradesh attracts renewable energy investment
  • Discussions on manufacturing, yen loans, and solar power
  • WEF 2026 hosts key state-investor meetings
2 min read

"Political situation b/w India, Japan very stable": MP Govt met Executive MD of Japan Bank for International Cooperation at Davos

At Davos, JBIC's Hashiyama Shigeto calls India-Japan political situation "very stable," ranks India top for Japanese FDI in 2026, praises Madhya Pradesh.

"For the moment, the political situation between India and Japan is very stable compared to any other country in the world. - Hashiyama Shigeto"

Davos, January 20

The Government of Madhya Pradesh today met Hashiyama Shigeto, representative director and Executive Managing Director of Japan Bank for International Cooperation.

The discussions covered the projects where JBIC is already supporting in Madhya Pradesh, apart from looking at areas such as policies for manufacturing and other sectors, yen borrowings, tie-ups through collaborations, and renewable energy, including solar power.

Hashiyama Shigeto, Representative Director and Executive Managing Director, Japan Bank for International Cooperation (JBIC) told ANI, "The meeting was very good because Madhya Pradesh is a very capable state from the perspective of new investments of renewable energy and other infrastructure and manufacturing and so on. It is very attractive for many Japanese potential investors... For the moment, the political situation between India and Japan is very stable compared to any other country in the world. We researched the potential ranking of foreign direct investment to many Japanese manufacturing companies, and in 2026, India is top-ranked in the globe..."

Earlier, the Government of Madhya Pradesh today met Amit Bajaj from the Essar Group to look at possible collaborations in renewable energy, thermal projects and data centre in the state. Essar Group also spoke about their expansion into the EV truck space, while Madhya Pradesh shared how it has incentivised the adoption of EVs through its policy.

Earlier in the day, the Government of Madhya Pradesh held discussions with Jay Galla, Co-founder, Chairman, and Managing Director of the Amara Raja Group; Herve Couraye, Advisor to TouchLab; and Jasmin Hume, CEO and Founder of Shiru, among others, to explore multiple possibilities.

The 56th Annual Meeting of the World Economic Forum (WEF) is being held from January 19 to 23, 2026, at Davos-Klosters, which is set to welcome nearly 3,000 participants from over 130 countries, including a record number of world leaders, CEOs, innovators and policymakers, under the theme "A Spirit of Dialogue."

- ANI

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Reader Comments

P
Priya S
Top-ranked for FDI in 2026! That's something to be proud of. Japan's focus on solar power and manufacturing aligns perfectly with our needs. MP government seems proactive at Davos. Let's ensure these MoUs don't just remain on paper.
R
Rohit P
Stable relations with Japan are a strategic asset. Their technology + our market and workforce is a winning combo. The mention of EV trucks is interesting. Hope the state's EV policy is robust enough to attract serious investment beyond just meetings.
S
Sarah B
As an expat working in renewable energy here, I see this as very positive. Japan Bank for International Cooperation (JBIC) is a major player. Their yen borrowings can offer favorable terms for long-term infrastructure projects. A solid partnership.
V
Vikram M
Good step, but we must be cautious. We need to ensure technology transfer happens and that these projects benefit local MSMEs as well, not just large corporations. The real test is execution on the ground in MP.
N
Nikhil C
Heartening to see India-Japan ties described as "very stable". In today's volatile world, such reliable partnerships are key for growth. Davos is where the real networking happens. Kudos to the MP team for putting the state on the global map.

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