Come to India, manufacture for the world

• Prime Minister Modi urges Japanese establishments during Japan visit

• India contributing 18 per cent to global growth, says Prime Minister

• Visit gains importance amid India–USA trade war

Tokyo (Japan) – Today, the world not only looks at India but also trusts India. I urge you to come, make in India, make for the world, said Prime Minister Modi while addressing the ‘India–Japan Economic Forum’ during his ongoing visit to Japan. Against the backdrop of the India–USA trade war, his invitation to Japanese businesses is being seen as highly significant.

The Prime Minister said that from metro projects to manufacturing, the India-Japan partnership has become a symbol of trust. Japanese establishments have invested over 40 billion dollars (more than 3.52 lakh crore rupees) in India, along with private investment of 13 billion dollars (over 1.14 lakh crore rupees) in the last two years. On this occasion, Japan’s Prime Minister Shigeru Ishiba said that Indian talent and Japanese technology are made for each other.

Key points highlighted by Prime Minister Modi on India’s economy

1. India today has political and economic stability. It is the fastest-growing major economy in the world and is soon to become the third-largest.
2. According to the Japan Bank, India is the most promising destination, while the Japan External Trade Organisation states that 80 per cent of global businesses want to expand in India. Seventy-five per cent of international establishments are making profits in India.
3. India contributes 18 per cent to global growth. Ease of doing business has been emphasised. Sensitive sectors such as defence and space have been opened for private participation.
4. Japan is a technology powerhouse, while India is a talent powerhouse. Together, Japanese technology and Indian talent can lead the technological revolution of this century.