Takaichi’s 150-Person Strong Business Delegation Pledged ¥10T in Investments in India
From 1 to 3 July 2026, Japan’s Prime Minister Sanae Takaichi undertook a state visit to India to deepen the India-Japan Special Strategic and Global Partnership. Takaichi led a delegation of more than 150 Japanese business leaders to Delhi, including Suzuki Motor President Toshihiro Suzuki, Toyota Tsusho Executive Officer and COO Masato Ozaki, Itochu India MD Osamu Tano.
During the visit, Takaichi and Modi co-chaired the 16th Japan-India Summit. The two countries drafted and released three landmark joint statements on Economic Security, Artificial Intelligence, and Energy Resilience. In addition, the two sides signed 16 accords covering a wide range of fields.
PM Takaishi delivered the keynote address at the Japan-India Economic Forum. Foreign Direct Investments (#FDI) worth JPY 10 trillion ($61B), focusing on five pillar sectors, namely, semiconductors, #ICT, critical minerals, clean energy and pharmaceuticals.
The 10-trillion yen investment breaks down into ¥3.5T for semiconductors, ¥3.0T for high-speed rail, ¥2.0T for clean energy, and ¥1.5 for advanced manufacturing. The sum will be invested over the coming decade, starting from 2026 until 2035.
India is in the process of deploying high-speed rail across the country, with Japan emerging as the preferred partner. The latest Japanese Shinkansen E10 technology will be employed on the Mumbai-Ahmedabad 508-kilometer high-speed track, which is scheduled to be completed by 2030.
Both PMs jointly inaugurated the Maruti Suzuki auto plant in Kharkhoda, Haryana. Suzuki injected ¥1.6T into building the mega plant, which includes expanding renewable energy and upgrading the power grid. The facility is designed to produce Electric Vehicles (#EV) for both the Indian and export markets. Under the Next Generation Mobility Partnership agreement, Japan and India will cooperate in battery manufacturing and secure the supply chain for the #CriticalMinerals needed.
Itochu Corporation plans to launch 1,000 compressed biogas stations and organic fertilizer plants across India’s dairy belts. ACME and Larsen & Toubro are partnering to build a green ammonia plant.
Through equity investment, Japanese companies are cooperating with Tejas Networks to develop and deploy 5G and 6G equipment and infrastructure. Japan also plans to set up more #AI data centers in India. To meet the surge in energy demand, Japan is injecting nearly USD one billion to upgrade India’s power infrastructure. Japanese private equity is backing Sarvam AI to train Large Language Models (LLM) with particular attention to Indian languages and local applications.