India, Japan adopt landmark joint vision for next decade with focus on trade, tech, mobility

TOKYO. India and Japan have taken a major step forward in shaping the future of their bilateral ties by adopting the ‘India—Japan Joint Vision for the Next Decade: Eight Directions to Steer the Special Strategic and Global Partnership’ during Prime Minister Narendra Modi's visit to Tokyo for the 15th India-Japan Annual Summit at the invitation of Japanese Prime Minister Ishiba Shigeru.

- R ANIL KUMAR

This landmark vision document seeks to deepen cooperation across multiple sectors, reflecting both nations’ commitment to enhancing economic, technological, cultural, and strategic engagement as they enter a transformative phase of relations in their eighth decade of partnership.

THE FIRST DIRECTION:

NEXT GENERATION ECONOMIC

PARTNERSHIP

This builds on the robust investment framework already in place between the two nations.

After successfully achieving significant progress under the 2022-2026 target of JPY5 trillion public and private investment from Japan to India, the two governments have now set an ambitious new milestone of JPY10 trillion in private investments.

This initiative focuses on industrial cooperation under the India–Japan Industrial Competitiveness Partnership (IJICP), which aligns with India’s ‘Make in India’ initiative.

The primary objective is to enhance product standards and competitiveness in Indian manufacturing, thereby creating an environment favourable for Japanese businesses and ensuring mutual industrial growth.

THE SECOND DIRECTION: NEXT GENERATION ECONOMIC SECURITY PARTNERSHIP

The second direction lays emphasis on securing supply chains and ensuring resilience. A major highlight is the promotion of India-Japan battery supply chain cooperation aimed at nurturing a healthy and sustainable battery market ecosystem.

This aligns with global efforts toward energy security, green transition, and reduced dependency on critical imports.

THE THIRD DIRECTION: NEXT GENERATION MOBILITY