Suzuki Motor President Toshihiro Suzuki and executives from Itochu will join 50 Japanese companies’ business leaders at the India-Japan annual summit in Guwahati, Assam, in early July. The delegation aims to explore investment opportunities, industrial cooperation, and supply chain partnerships. Prime Minister Sanae Takaichi’s visit to India will mark her first since assuming office in October 2025.
The upcoming summit is expected to boost collaboration between India and Japan in the semiconductor industry, particularly in Assam, which is emerging as a semiconductor production hub. Economic security, including semiconductors, critical minerals, artificial intelligence, and information technology, is a crucial aspect of the strategic partnership between the two countries.
During the last summit in Tokyo, Prime Minister Modi and his Japanese counterpart reinforced their Special Strategic and Global Partnership, outlining a roadmap for the next decade. India has been recognized as the top promising country for investment, with Japanese FDI steadily increasing in sectors like automobiles, telecommunications, and pharmaceuticals.
Japanese companies have shown a growing interest in India, with over 1,400 registered firms, half of which are in manufacturing. The investments from Japan in India have reached $43.2 billion since 2000, making Japan the fifth-largest source of FDI for India. Additionally, there are more than 100 Indian companies operating in Japan, indicating a strong bilateral economic relationship.
