Japan to invest $ 68 billion in India over the next ten years: Report

A report said that Japan will invest 10 trillion yen or 68 billion dollars in India over the next ten years to deepen bilateral relations. Japanese Prime Minister Shigro Ishiba is expected to reveal the plans while saying with Prime Minister Narendra Modi, who starts on Friday.

According to a report issued by Nikkei ASIA, investments will help Japanese companies in areas such as artificial intelligence and semiconductor expansion. More Indian workers will be accepted by companies in Japan as part of the Indian economy boost plan.

It is expected that the summit in Japan, which will be attended by Prime Minister Moody, will see the countries that decline the joint declaration of security cooperation for the first time in 17 years.

This investment will focus on eight priority areas such as movement, environment and medicine, which enhances industrial and technological cooperation.

As part of the initiative, the two countries are scheduled to enhance their relationship with AI through the initiative of artificial intelligence cooperation, which aims to address social issues by benefiting from artificial intelligence applications.

According to what was reported, India has shown great interest in advanced semiconductor materials and equipment in Japan, which will be highlighted while visiting prominent leaders to the Tokyo Electron facility in Japan.

The report added that Japan plans to increase its investments in Indian startups, especially in Telangana, by taking advantage of official development assistance. The Japanese International Cooperation Agency has expanded the yen loans to support institutions in this region, known as the Information Technology Center in Hyderabad.

To address the local deficiency in skilled workers in high -tech sectors, Japan aims to welcome more Indian specialists, which doubles the number of Indian workers in Japan over the next five years. This initiative seeks to bridge the gap in the workforce in Japan, which is estimated to reach 790,000 by 2030.

Japanese companies, such as SOPO CARE and Energy Sekisho, begin training and employment programs for Indian workers, bringing them to the workforce in Japan. These initiatives include language education and employment services, especially targeting regional companies.

The recent Sequisho Foundation in India reflects concerted efforts to connect Indian students to Japanese companies, and enhance educational opportunities and employment abroad. This approach addresses language barriers and guarantees a smoother integration of Indian talents in Japanese institutions.