‘In India, capital multiplies’: PM Modi in Tokyo; pitches ‘perfect partnership’ with Japan
Prime Minister Narendra Modi on Friday said India and Japan are poised to jointly influence the Asian century’s trajectory towards stability, growth and prosperity. He made the remarks while addressing the India-Japan Economic Forum during his two-day visit to Tokyo.“In India, capital doesn’t just grow, it multiplies. You are all aware of the growth and transformation that have taken place in India over the last 11 years. India has political stability, transparency, and is the fastest-growing major economy in the world. Very soon, we will become the third-largest economy,” said the PM.
“We contribute 18% to global GDP, and our markets are delivering strong returns. Our approach of reform, transform, and perform is driving all this progress,” he added.PM highlighted how the combination of Japanese excellence and Indian scale could establish an ideal partnership fostering mutual development. He emphasised that Japanese technology, when combined with Indian talent, could drive this century’s technological advancements. “Japan’s excellence and India’s scale can create a perfect partnership,” he said. Highlighting India’s appeal as an investment destination, the Prime Minister pointed to the nation’s political and economic stability, along with transparent and predictable policy frameworks. Addressing the India-Japan joint forum, he affirmed that, “Our partnership in the automobile sector has been tremendously successful. We can create the same magic in batteries, robotics, semiconductors, and nuclear energy. Together, we can contribute to the development of the Global South, especially Africa. I appeal to all – come, let’s Make in India and Make for the World…” He described India as the “springboard” for Japanese enterprises to access the Global South and suggested that India and Japan could extend their successful automotive sector collaboration into areas such as robotics, semiconductors, ship-building and nuclear energy.He acknowledged Japan’s consistent support in India’s development journey and stressed that the partnership between the two nations spans a wide spectrum—from metro rail to manufacturing, semiconductors to start-ups—reflecting deep mutual trust.The Prime Minister further said that India and Japan together could substantially contribute to the development of the Global South, particularly in Africa.
