“Our partnership in the automobile sector has been tremendously successful. We can create the same magic in batteries, robotics, semiconductors, and nuclear energy. Together, we can contribute to the development of the Global South, especially Africa. I appeal to all – come, let’s Make in India and Make for the World. The success stories of Suzuki and Daikin can be your story next,” PM Modi said.
“We have introduced new and simplified income tax compliances. Our reforms are not limited to taxation – we have focused on ease of doing business and created a single digital approval window. We have rationalised 45,000 compliances and also formed a committee for deregulation. The defence and space sectors have been opened to private players, and we are also opening our nuclear sector… The world is not just watching India, it is counting on India,” he added.
Capital multiplies in India, says PM Modi PM Modi told the business leaders that there is a huge potential of growth for their businesses in India.
“In India, capital doesn’t just grow, it multiplies. You are all aware of the growth and transformation that have taken place in India over the last 11 years. India has political stability, transparency, and is the fastest-growing major economy in the world. Very soon, we will become the third-largest economy,” PM Modi said.
“We contribute 18% to global GDP, and our markets are delivering strong returns. Our approach of reform, transform, and perform is driving all this progress,” he added, while urging the leaders to explore investment opportunities in India.
The Prime Minister landed in Japan’s capital Tokyo on the morning of Friday, August 29, on a two-day official visit. He is scheduled to hold bilateral meeting with Japanese PM Shigeru Ishiba for India-Japan Annual Summit.
He was welcomed by Japanese leaders at the airport and later met Indian diaspora in Tokyo.
First Published: Aug 29, 2025 12:50 PM IS
