The latest and most up-to-date information on India-Japan relations comes from the India-Japan Economy and Investment Forum, as reported very recently. Here are the key highlights:
1) Japan has become India's fifth-largest source of foreign investment, with Foreign Direct Investment (FDI) from Japan exceeding $43 billion between 2000 and 2024.
2) Over 1,400 Japanese companies are now operating in India, with 11 industrial townships across eight states hosting Japanese enterprises.
3) Major joint infrastructure projects include the Mumbai-Ahmedabad High-Speed Rail (Shinkansen bullet train) and metro systems in multiple cities.
4) The Comprehensive Economic Partnership Agreement (CEPA) signed in 2011 has significantly boosted bilateral trade.
5) India is encouraging Japanese investment in sectors such as green energy, renewable energy, high-tech manufacturing, semiconductors, electronics, and artificial intelligence.
6) Union Minister Piyush Goyal emphasized India's commitment to improving quality standards, citing Japan as a role model for excellence.
7) Both countries are working to balance trade by boosting Indian exports to achieve mutual gains.
This information demonstrates the continued strengthening of economic ties between India and Japan, with a focus on technology, infrastructure, and sustainable development.
Source: The samikhsya, jica.go.jp, Business Standard