Prime Minister Narendra Modi is on a two -day visit to Japan. On the very first day of PM’s visit, good news has come out from Japan on Friday. Many Japanese companies have agreed to invest about Rs 1.15 lakh crore (13 billion USD) in India. More than 170 mUs have been signed for this investment. This investment will be made in areas such as steel, automobile, renewal energy, semiconductor, real estate and aerospace. This step of companies shows that Japan has full faith in India’s economic capacity.
These companies will invest big
1. Nippon Steel (AM/NS India): An expansion of Rs 1,500 crore in Gujarat and Rs 5,600 crore in Andhra Pradesh will invest for an integrated steel plant.
2. Suzuki Motor: Will invest Rs 35,000 crore to set up a new plant in Gujarat and Rs 3,200 crore to increase production.
3. Toyota Kirlokkar: An expansion of Rs 3,300 crore in Karnataka and Rs 20,000 crore in Maharashtra will be invested for the new plant.
4. Sumitomo Realty: Investment of US $ 4.76 billion in real estate.
5. JFE Steel: Investment of Rs 44,500 crore to strengthen electrical steel production.
6. Osaka Gas: 400 MW renewable energy project and future green hydrogen initiative.
Modi has gone on a 2 -day journey
PM Modi reached Tokyo on Friday for his two -day official visit to Japan from 29 to 30 August. During this, Prime Minister Modi will participate in the 15th India-Japan Annual Summit. During this time he will also meet Japanese Prime Minister Shigeru Ishiba. Prime Minister Modi’s visit to Japan is taking place at a time when Indo-US relations are getting upset about President Donald Trump’s trade and tariff policies.
Indian industries benefit
Japanese Industrial Partnership is connecting Indian Smes to a global supply chain. Tokyo Electron and Fujifilm Des are preparing semiconductor ecosystems with Tata Electronics, in which Indian SMEs will become suppliers of high priced parts. Toyota and Suzuki their supply chains will include hundreds of Indian Tier-2 and Tier-3 Smes. Fujitsu will recruit 9,000 Indian engineers in its Global Capability Center, which will promote IT -linked Smes. These partnerships will get Indian Smes access to global function, modern technology and new markets, which will strengthen India’s export capacity.