NEW DELHI — India and Japan signed pacts on Thursday (July 2) to boost their co-operation in artificial intelligence, metals, energy, and prepared a joint roadmap for economic security, Indian Prime Minister Narendra Modi said after talks with his Japanese counterpart Sanae Takaichi.
Takaichi is on a three-day visit to New Delhi as the two Asian partners hold their 16th annual summit.
"The convergence of Japan's precision technology and India's software capabilities will give a new momentum and strength to global AI development," Modi told reporters.
Bilateral trade between the two countries reached US$27.5 billion (S$35.6 billion) in fiscal year 2025/26, while Japanese investment in India was US$3.2 billion between April and December 2025, according to Indian government data.
Modi said that the two countries, also members of the Quad grouping, signed an agreement on their first co-development project in the defence sector.
"Through the India-Japan bio-gas Initiative, we will set up 1,000 bio-gas and organic fertilizer plants in India," he added.
Japan is among India's largest investors, backing major infrastructure projects including a high-speed rail corridor between the cities of Mumbai and Ahmedabad.
Japanese firms have also increased investments in Indian companies, including a recent US$1.6 billion deal for a 20 per cent stake in Yes Bank.
Takaichi is accompanied by a large business delegation and is due to speak at a business conference later on Thursday.
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