Key Points

Prime Minister Modi's Japan visit resulted in a groundbreaking joint vision for the next decade. The partnership sets ambitious targets including JPY 10 trillion in private investment and exchange of over 500,000 personnel. Eight key directions cover areas from next-gen technology to health cooperation and mobility systems. This agreement marks a transformative phase in India-Japan relations as they enter their eighth decade of partnership.

Key Points: Modi Japan Visit Sets 10 Trillion Yen Investment and 500000 Exchange Target

  • New JPY 10 trillion private investment target set for next decade
  • Action plan for 500000 personnel exchange between both nations
  • Eight partnership directions covering tech, health and mobility
  • Strengthening Make in India through industrial competitiveness partnership
3 min read

India, Japan adopt landmark joint vision for next decade with focus on trade, tech, mobility

India and Japan adopt landmark joint vision with JPY 10 trillion investment target, 500000 personnel exchange, and eight partnerships covering tech, health, and mobility.

"India and Japan aim to usher in a transformative phase of their Special Strategic and Global Partnership - Prime Minister's Office"

New Delhi, August 30

India and Japan on Friday adopted a joint vision titled "India - Japan Joint Vision for the Next Decade: Eight Directions to Steer the Special Strategic and Global Partnership" during the visit of Prime Minister Narendra Modi to Tokyo for the Annual Summit 2025 at the invitation of Japanese Prime Minister Ishiba Shigeru, the Prime Minister's Office (PMO) said.

The eight directions to steer the special strategic and global partnership include: Next Generation Economic Partnership, Next Generation Economic Security Partnership, Next Generation Mobility, Next Generation Ecological Legacies, Next Gen Technology and Innovation Partnership, Investing in Next Gen Health, Next Gen People-to-People Partnership, Next-Gen State-Prefecture Partnership.

Under the next generation economic partnership, both countries, as per the joint vision agreed upon, are building on the progress made in the 2022-2026 target of JPY 5 trillion of public and private investment and financing from Japan to India and setting a new target of JPY 10 trillion of private investment.

Strengthening India-Japan industrial cooperation for the "Make in India" initiative through the India-Japan Industrial Competitiveness Partnership (IJICP) to help upgrade product quality in India using high-quality products necessary for Japanese firms, the PMO release added.

Under the Next Generation Economic Security Partnership, "Promoting India-Japan battery supply chain cooperation to foster a healthy battery market and ecosystem" was agreed upon.

The joint declaration also saw the mention of High-speed rail systems, including "Make in India" next-generation rolling stock, functional signaling and operational control systems, seismic-proofing, AI-based maintenance and monitoring, energy transition in the railway sector, advanced metro rail systems and mass rapid transit systems, by building on the hitherto cooperation in railways.

Under the Next Gen People-to-People Partnership, both countries agreed to launch an action Plan for India-Japan Human Resource Exchange and Cooperation that targets an exchange of more than 500,000 personnel in both directions in the next five years, including 50,000 skilled personnel and potential talents from India to Japan.

The joint vision document also emphasised Investing in Next Gen Health to achieve universal health coverage (UHC). It identified cooperation between India's Ayushman Bharat and Japan's Asia Health and Wellbeing Initiative, joint research in geriatric medicine, stem cell therapy, gene therapy, regenerative medicine, cancer treatment, and digital health. The PMO highlighted that the plan includes strengthening medical infrastructure, ensuring supply of medicines and equipment, promoting exchange of medical professionals, and establishing centres of excellence in Japan for yoga, meditation, ayurveda and holistic wellness with support from India's Ministry of AYUSH.

The eighth direction, the Next-Gen State-Prefecture Partnership, underscored the role of Indian States and Japanese Prefectures in bilateral cooperation. The document proposed promoting new sister-city and state-prefecture ties, boosting direct flights between Indian and Japanese cities, strengthening SME and regional industry partnerships, and facilitating three delegation visits per year coordinated by the Ministries of External Affairs of both nations.

Through these eight lines of effort, India and Japan said they aim to usher in a transformative phase of their Special Strategic and Global Partnership in the eighth decade of bilateral relations, bringing tangible benefits to future generations, the release stated.

Prime Minister Modi is on a two-day official visit to Japan, scheduled from August 29 to 30, where he attended the 15th India-Japan Annual Summit. Following his visit to Japan, the Prime Minister will head to China for the Shanghai Cooperation Organisation Summit in Tianjin.

- ANI

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Reader Comments

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Sarah B
The 500,000 personnel exchange program is fantastic! This will create amazing opportunities for Indian professionals and students. Hope the implementation is smooth and transparent.
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Priya S
Love the focus on healthcare cooperation! Integrating Ayushman Bharat with Japanese expertise can revolutionize our healthcare system. Yoga and Ayurveda centers in Japan is a brilliant cultural exchange 👏
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Aman W
While the vision looks impressive on paper, I hope we ensure that technology transfer actually happens and doesn't remain just investment numbers. We need to build our own capabilities, not just become an assembly hub.
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Michael C
The battery supply chain cooperation is crucial for India's EV ambitions. Japan's expertise in battery technology combined with Indian manufacturing could make us global leaders in this sector. Smart move!
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Nisha Z
More direct flights between Indian and Japanese cities please! Currently it's so difficult to travel between our countries. This will really boost tourism and business exchanges ✈️
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Karthik V
Japan has been one of our most reliable partners. Unlike some other countries, they actually deliver on their commitments. This partnership will take India-Japan relations to new heights! 🇮🇳❤️🇯🇵

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