Insights
India–Japan economic partnership: Partnering for a secure, innovative, and sustainable future
April 17, 2026The annual knowledge report of the India–Japan Business Cooperation Committee (IJBCC), jointly prepared by SAM & FICCI, was released at the Committee’s meeting in Tokyo on March 12, 2026.
The report examines the evolving India–Japan economic relationship in a global environment where supply chains are being reconfigured, industrial policies are gaining prominence, and countries are increasingly seeking trusted partners to strengthen economic resilience and long-term growth, with a focus on how the 10 trillion yen investment commitment under the India–Japan Vision for the Next Decade can be deployed across priority sectors in India.
The Report covers the following themes:
How is the global economic order reshaping supply chains?
The report begins by examining how the changing global order is reshaping supply chains, driven by geopolitical developments, economic security considerations, industrial policy interventions, and sustainability imperatives. In this context, India and Japan emerge as natural partners, with the India–Japan Vision for the Next Decade translating this complementarity into a structured framework for cooperation across infrastructure, advanced manufacturing, semiconductors, clean energy, and digital innovation.
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What makes India a compelling investment destination today?
The report analyses India’s macroeconomic fundamentals and evolving investment landscape, highlighting sustained growth momentum, macroeconomic stability, rising FDI inflows, and expanding integration with global markets. It also examines India’s evolving trade architecture and growing network of economic partnerships, which are strengthening market access and enabling deeper participation in global value chains.
Where are the key opportunities for Japanese investors in India? Focus on opportunities for the JPY 10 trillion investment goals
At its core, the report provides a detailed sectoral assessment of opportunities for India–Japan collaboration across automobiles, electronics and semiconductors, pharmaceuticals and medical devices, renewable energy, defence manufacturing, railways, civil aviation, fintech, global capability centres, and shipbuilding. These sectors reflect areas where India’s scale, policy priorities, and manufacturing ambitions align with Japan’s technological strengths and industrial capabilities.
The report also develops a risk-policy architecture for these sectors, examining structural cost and competitiveness constraints and how targeted policy interventions are addressing them through initiatives such as PLI schemes, semiconductor policies, renewable energy incentives, defence reforms, and workforce development measures.
Investment Landscape and Enabling Ecosystem: What does the investment ecosystem in India look like on the ground?
The report provides a state-wise overview of India’s investment landscape, highlighting key states, their industrial strengths, and policy incentives for investors. It also examines how investments into India can be structured and outlines key regulatory developments shaping the investment environment.
Strengthening Industrial Linkages: Chuken to Chuken Partnerships
A dedicated analysis by MiraIndia explores how collaboration between Japanese companies and India’s mid-sized enterprises can strengthen supply chains, support technology partnerships, and create new opportunities for deeper industrial engagement between the two economies.
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Disclaimer
This is intended for general information purposes only. The views and opinions expressed in this article are those of the author/authors and does not necessarily reflect the views of the firm.