Prime Minister Narendra Modi on Friday addressed the India-Japan Economic Forum in Tokyo, urging Japanese investors to expand their presence in India.
During his speech, PM Modi thanked Japanese Prime Minister
Shigeru Ishiba and called Japan “an important partner in India’s development story”.
“I arrived in Tokyo this morning, and I am happy that my visit begins with people from the business community. Many of you are those with whom I share a personal relationship, both from my time as Gujarat Chief Minister and now in Delhi,” PM Modi said.
“I thank Prime Minister Shigeru Ishiba for his words. Japan is an important partner in India’s development story,” PM Modi said.
WHAT PM MODI SAID ON THE INDIA-JAPAN TIES
“From metro to semiconductor, our partnership is a symbol of trust. Japanese companies have invested more than 40 billion dollars in India,” the Prime Minister said.
“India and Japan’s partnership is strategic and smart. Powered by economic logic, we have turned shared interests into shared prosperity. India is the springboard for Japanese business to the Global South. Together, we will shape the Asian century for stability, growth and prosperity,” PM Modi said.
“Japan’s technology and India’s talent can together lead the tech revolution of this century. India is rapidly moving towards clean energy, and by 2047, we have set a target of 100 GW of nuclear power.”
“India and Japan have agreed on a joint credit mechanism, and by leveraging it, we can cooperate for a clean and green future,” he said.
INDIA, THE FASTEST-GROWING ECONOMY: PM MODI
Speaking on India’s economic outlook, the Prime Minister remarked, “In India, capital doesn’t just grow, it multiplies. Today, India enjoys political and economic stability.”
“There is transparency in our policies. India is currently the fastest-growing major economy in the world, and very soon, it is set to become the world’s third-largest economy,” the Prime Minister added.
PM MODI URGES JAPANESE INVESTORS TO INVEST IN INDIA
Speaking on the country’s development, PM Modi, at the India-Japan Summit, said, “A few weeks ago, our Parliament approved a new and simplified tax regime.”
“After the defence and space sectors, we are also opening the nuclear energy sector for the private sector,” PM Modi said.
“Behind this change in India is our approach of reform, perform and transform,” he said, adding, “The world is not just watching India, it is counting on India.”
“In the last decade, India has made unprecedented progress in next-gen mobility and logistics infrastructure. Our port capacities have doubled. With Japan’s cooperation, work is underway on the Mumbai-Ahmedabad high-speed rail project,” he said.
“However, our journey doesn’t stop here, Japan’s excellence and India’s scale can create a perfect partnership,” PM Modi said at the summit.
“Come, make in India and make for the world,” PM Modi told Japanese investors at the summit in Tokyo.
Prime Minister Modi arrived in Tokyo today morning on a two-day visit.
In his departure statement, PM Modi had said that his visit to Japan would be an opportunity to strengthen civilisational bonds and cultural ties between the two countries.
From Japan, PM Modi will travel to China on a two-day visit to attend the annual summit of the Shanghai Cooperation Organisation (SCO) in Tianjin on August 31 and September 1.
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