ArdorComm Media News Network
July 4, 2026
Prime Minister Narendra Modi reaffirmed the strength of India-Japan relations, describing the bilateral partnership as “truly special” while emphasizing its growing impact on the global economy. Speaking at the India-Japan Joint Economic Forum held in New Delhi, PM Modi highlighted that the collaboration between Japan’s technological expertise and investment capabilities, combined with India’s rapid growth and large-scale opportunities, creates significant benefits for the world economy.
He noted that both nations have agreed to deepen cooperation across several strategic sectors, including artificial intelligence, economic security, defence, and healthcare, paving the way for a future-ready partnership. Addressing global economic challenges such as supply chain disruptions, trade uncertainties, and slowing international demand, PM Modi underscored India’s position as the world’s fastest-growing major economy, recording a GDP growth of 7.7 percent in the previous financial year.
The Prime Minister further stated that over the last twelve years, India has adopted the philosophy of Kaizen to transform its economic framework, alongside implementing next-generation reforms in taxation, governance, and ease of doing business. He added that the government continues to open new sectors for private participation while introducing incentives aimed at accelerating economic growth, reinforcing India’s position as a highly attractive destination for Japanese investments. Surveys conducted by Japan Bank for International Cooperation have consistently ranked India as the most promising destination for Japanese businesses for four consecutive years.
Japanese Prime Minister Sanae Takaichi, in her address, highlighted energy security as a crucial pillar of India-Japan cooperation. She referenced the recent G7 Summit, where Japan proposed measures to strengthen global energy security through transparent energy trade, strategic stockpiling, and stronger collaboration between energy-producing and consuming nations. She also emphasized Japan’s commitment to implementing these goals through its Power Asia Initiative.
On the occasion, both leaders jointly inaugurated the fourth vehicle manufacturing facility of Maruti Suzuki at Kharkhoda, Haryana, marking another milestone in industrial collaboration between India and Japan.
Source: News on AIR