Indian Prime Minister Narendra Modi toured a Tokyo Electron semiconductor factory in Japan’s Miyagi prefecture on Saturday, signaling a push for closer technology and investment collaboration between the two nations, Bloomberg reports. The visit followed a bilateral meeting with Japanese Prime Minister Shigeru Ishiba, where both leaders pledged to strengthen economic and semiconductor supply chains amid global disruptions caused by U.S. tariffs.
“We hope to work together to strengthen the semiconductor supply chain and enhance economic security,” Ishiba told reporters after the factory visit. Modi highlighted the potential for joint initiatives in energy, trade, and technology, calling Japan a “tech powerhouse” and emphasizing that “Japan’s technology and India’s talent can lead the global technology revolution.”
On Friday, the two leaders announced a target of ¥10 trillion ($68 billion) in private investment to India over the next decade as part of a broader economic security pact. The agreement covers cooperation on semiconductors, critical minerals, and artificial intelligence, while launching initiatives to support startups, clean energy, and space exploration.
At a joint India-Japan economic forum, Ishiba described the partnership as “strategic,” noting that both economies are building a strong and stable supply chain. Analysts say the agreements underscore India’s efforts to diversify geopolitical and economic partnerships after tensions with the United States, with Modi scheduled to visit China later this year for the first time in seven years.
Japan, meanwhile, seeks to expand trade with like-minded nations as U.S. tariffs have hit its key automotive industry. By deepening ties with India, Japanese companies aim to tap into the country’s vast market and young workforce.
