India's Jaishankar Highlights Strengthened Japan Ties, Targets $42 Billion Investment by 2027

External Affairs Minister S Jaishankar underscored growing economic ties between India and Japan, aiming for a USD 42 billion investment by 2027. Speaking in Tokyo, he emphasized India's infrastructure growth over the past decade and the vital role of Japanese businesses in India's development.

External Affairs Minister S Jaishankar on Monday emphasized the strengthening economic ties between India and Japan, announcing an ambitious investment target of Yen 5 trillion (USD 42 billion) in India by 2027. Speaking at a press briefing in Tokyo, Jaishankar highlighted a decade of development in India-Japan relations under Prime Minister Narendra Modi's leadership.

Jaishankar pointed out, "Over the past 10 years, India has built on average eight new airports annually, developed 1.5-2 new metros in different cities each year, constructed 28 kilometers of highways daily, and laid eight kilometers of railway tracks each day. Educational institutions have doubled in number, with India now hosting 1,600 global capability centers generating exports exceeding USD 100 billion annually."

The External Affairs Minister noted his long-term involvement with India-Japan relations and the Quad alliance, underscoring the significant progress made since 2014. He also highlighted the presence of 1,400 Japanese businesses in India and stressed the potential for further growth and collaboration in areas like semiconductors, electric vehicles, and green energy.

Jaishankar said, "Japanese companies played a pivotal role in triggering India's automobile revolution and the proliferation of metros. Our ongoing high-speed railway project and potential cooperation in semiconductors, AI, EVs, and green energy are central to our bilateral and Quad discussions."

The Quad foreign ministers' meeting, which included Japan's Yoko Kamikawa, Australia's Penny Wong, and U.S. Secretary of State Antony Blinken, reaffirmed that India will host the next Quad Leaders' Summit later this year. Jaishankar underscored India's readiness and capability in domains such as space, drones, and advanced energy sectors.