PM Modi highlights India-Japan economic ties, sees growth potential in key sectors

Tokyo/ New Delhi Aug 29 (UNI) Prime Minister Narendra Modi praised strong economic ties between India and Japan, highlighting key sectors where bilateral cooperation can be further strengthened.

In a social media post following his address at the India-Japan Business Forum, PM Modi emphasized the significance of the presence of Japanese Prime Minister Fumio Kishida, calling it a clear signal of the priority both nations place on enhancing their economic linkages.

“Addressed a business event in Tokyo… The presence of Prime Minister Kishida made this even more special, indicating the priority we accord to bilateral economic ties,” PM Modi wrote.

The Prime Minister outlined specific areas where India and Japan could deepen their collaboration, citing industries like automobiles, robotics, semiconductors, shipbuilding, and nuclear energy. He also spoke of leveraging the synergy between India’s talent and Japan’s technological excellence.

“Spoke about India’s deep economic ties with Japan and also listed areas where cooperation can deepen in the years to come: Like we did in automobiles, recreate the same magic in batteries, robotics, semiconductors, shipbuilding, and nuclear energy. Tech–Talent synergy to power this century’s technology revolution. Green energy focus for a better future. Next-gen infrastructure, where Japan’s excellence and India’s scale can do wonders. Skill development and people-to-people ties,” PM Modi added.

His remarks underscore the growing collaboration between the two countries, particularly in sectors critical for both nations’ future development.

Elaborating on the target set by India to be achieved by 2030, PM Modi said, “India is rapidly moving toward achieving a target of 500 GW of renewable energy by 2030. We have also set a goal of 100 GW of nuclear power by 2047. Whether it is solar cells or green hydrogen, there are immense partnership opportunities between India and Japan. By leveraging the joint credit mechanism, we can collaborate in building a clean and green future”.

Speaking about how India will contribute to meet the global demand, he said, “India’s skilled youth talent has the potential to meet global demand, and Japan can also benefit from this. You should train Indian talent in the Japanese language and other skilled areas to create a Japan-ready workforce together. This skilled workforce will fulfill global requirements.”

Labelling Japan a”Technology Powerhouse”, PM Modi said, “Japan is a technology powerhouse, and India is a talent powerhouse. India has taken bold and ambitious initiatives in AI, semiconductors, quantum computing, biotechnology, and space. The combination of Japanese technology and Indian talent can lead the tech revolution of this century.”

Making trade pitch in Japan, PM Modi described India as a “powerhouse of talent” and called on business leaders in Japan to “make in India, make for the world.”

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