PM Modi Chairs Business Roundtable in Tokyo

Published By : Admin | May 23, 2022 | 16:12 IST

Prime Minister Shri Narendra Modi chaired a roundtable with Japanese business leaders on 23 May 2022 in Tokyo.

Top executives and CEOs of 34 Japanese companies participated in the event. Majority of these companies have investments and operations in India. The companies represented diverse sectors including automobiles, electronics, semiconductors, steel, technology, trading and banking & finance. Key business bodies and organizations from India and Japan such as Keidanren, Japan External Trade Organization (JETRO), Japan International Cooperation Agency (JICA), Japan Bank for International Cooperation (JBIC), Japan-India Business Consultative Committee(JIBCC) and Invest India also participated in the event.

Stressing that India and Japan are natural partners, Prime Minister lauded the business community as brand ambassadors of the immense potential of India-Japan ties. Prime Minister said that during the visit of Prime Minister Kishida to India in March 2022, both countries had set an ambitious target of investment of Japanese Yen 5 trillion over the next 5 years. Prime Minister highlighted recent developments in economic ties, such as India-Japan Industrial Competitiveness Partnership (IJICP) and Clean Energy Partnership, among others. He talked about initiatives such National Infrastructure Pipeline (NIP), Production Linked Incentive (PLI) scheme, and semiconductor policy and highlighted the robust startup ecosystem of India.

Prime Minister noted that despite the slowdown in global FDI, India has attracted record FDI of USD 84 billion in the previous financial year. He termed this a vote of confidence of India’s economic potential. He invited greater participation by Japanese companies in India and proposed celebrating Japan’s contribution to India’s development journey in the form of a ‘Japan Week’.

The following Business Leaders participated in the Business Forum:

NameDesignationOrganization

Mr. Seiji Kuraishi

Chairman and Director

Honda Motor Co., Ltd.

Mr. Makoto Uchida

Representative Executive Officer, President & CEO

Nissan Motor Corporation

Mr. Akio Toyoda

President and member of board of directors

Toyota Motor Corporation

Mr. Yoshihiro Hidaka

President, CEO & Representative Director

Yamaha Motor Corporation

Mr. Toshihiro Suzuki

President & Representative Director

Suzuki Motor Corporation

Mr. Seiji Imai

Chairman of Mizuho Financial Group

Mizuho Bank Ltd.

Mr. Hiroaki Fujisue

Advisor, MUFG Bank Ltd. and Chairman, JIBCC

MUFG Bank Ltd. and JIBCC

Mr. Takeshi Kunibe

Chairman of the Board of both Sumitomo Mitsui Financial Group (SMFG) and Sumitomo Mitsui Banking Corporation (SMBC)

Sumitomo Mitsui Banking Corporation

Mr. Koji Nagai

Chairman

Nomura Securities Co., Ltd.

Mr. Kazuo Nishitani

Secretary General

Japan-India Business Co-operation Committee

Mr. Masakazu Kubota

President

KEIDANREN

Mr. Kyohei Hosono

Director and COO

Dream Incubator Inc.

Mr. Keiichi Iwata

President of Sumitomo Chemical Co., Ltd Vice Chairman of Japan Petrochemical Industry Association

Sumitomo Chemical Co. Ltd.

Mr. Tsugio Mitsuoka

Chairman of the Board

IHI Corporation

Mr. Yoshinori Kanehana

Chairman of Board

Kawasaki Heavy Industries, Ltd.

Mr. Ryuko Hira

President & Representative Director

Hotel Management International Co. Ltd.

Mr. Hiroko Ogawa

CO&CEO

Brooks & Co. Ltd.

Mr. Vivek Mahajan

Senior Executive Vice President, CTO

Fujitsu Ltd.

Mr. Toshiya Matsuki

Senior Vice President

NEC Corporation

Mr. Kazushige Nobutani

President

JETRO

Mr. Yamada Junichi

Executive Senior Vice President

JICA

Mr. Tadashi Maeda

Governor

JBIC

Mr. Ajay Singh

Managing Executive Officer

Mitsui O.S.K. Lines

Mr. Toshiaki Higashihara

Director, Representative Executive Officer, Executive Chairman & CEO

Hitachi Ltd.

Mr. Yoshihiro Mineno

Senior Executive Officer, Member of the Board

Daikin Industries Ltd.

Mr. Yoshihisa Kitano

President & CEO

JFE Steel Corporation

Mr. Eiji Hashimoto

Representative Director and President

Nippon Steel Corporation

Mr. Akihiro Nikkaku

President and Representative Member of the Board

Toray Industries, Inc.

Mr. Motoaki Uno

Representative Director & Senior Executive Managing Officer

Mitsui & Co. Ltd.

Mr. Masayoshi Fujimoto

Representative Director, President & CEO

Sojitz Corporation

Mr. Toshikazu Nambu

Executive Vice President, Representative Director

Sumitomo Corporation

Mr. Ichiro Kashitani

President

Toyota Tsusho Corporation

Mr. Ichiro Takahara

Vice Chairman, Member of the Board

Marubeni Corporation

Mr. Yoji Taguchi

Chairman and Managing Director of Mitsubishi Corporation India Private Limited

Mitsubishi Corporation

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India-New Zealand Strategic Partnership: Roadmap to 2030
July 11, 2026

The Prime Ministers of India and New Zealand met in Auckland, New Zealand on 11 July 2026 and announced the creation of the India-New Zealand Strategic Partnership. The Prime Ministers endorsed this Roadmap to 2030 as a shared framework to guide joint action and further strengthen the India-New Zealand Strategic Partnership over the next four years. The Strategic Partnership includes, but is not limited to, the areas and initiatives set out in the following pillars of this roadmap.

Pillar I: Political and Diplomatic Engagement

Endeavour to schedule meetings and reciprocal visits, on a regular basis, between respective Prime Ministers and Cabinet Ministers, including on the sidelines of regional and multilateral events.

Ensure effective high-level cooperation through regular Foreign Ministers’ Dialogue.

Intensify meetings and interactions between relevant Ministries and Government Departments to deepen cooperation in all sectors of common interest.

Promote regular parliamentary exchanges and official visits between India and New Zealand.

Consolidate the practice of annual meetings at the Secretary level, Ministry of External Affairs of India, and Deputy Secretary (Americas and Asia), Ministry of Foreign Affairs and Trade of New Zealand, to provide a mechanism to steer and coordinate the implementation of the Strategic Partnership and the Roadmap to 2030.

Pillar II: Defence and Security Cooperation

Continue to pursue military interaction via exercises, visits of units (maritime, air, land), short-term personnel exchanges, sporting visits, defence staff college exchanges, and high-level defence dialogues.

Continue to enhance dialogue on defence related matters, including at the Ministerial level.

Continue to implement the 2025 India–New Zealand Memorandum of Understanding on Defence Cooperation and maintain regular, structured defence engagement at Defence Ministry and Service levels.

Implement the recently agreed Maritime Cooperation Arrangement, Implementing Arrangement on Cooperation in Matters of Hydrography and Nautical Cartography, and a Mutual Logistics Support Arrangement focused on the maritime domain. 10. Conduct naval activities, including bilateral naval exercises, as part of the Maritime Cooperation Arrangement.

Pursue cooperation on maritime matters under the Maritime Security pillar of the Indo-Pacific Oceans Initiative.

Establish an annual Maritime Security Dialogue led by Ministry of External Affairs of India and Ministry of Foreign Affairs and Trade of New Zealand.

Operationalise the Memorandum of Arrangement establishing a Joint Working Group (JWG) on Counter-Terrorism (CT), led by the Ministry of External Affairs of India and the Ministry of Foreign Affairs and Trade of New Zealand and convene the first meeting of the JWG on CT at a time that is mutually agreed.

Engage on shared cyber security priorities through the India-New Zealand Cyber Dialogue.

Work towards the formalisation of the India-New Zealand Memorandum of Arrangement on Cooperation in Combating Trafficking of Narcotic Drugs, Psychotropic Substances, Precursor Chemicals and Related Matters.

Work towards the formalisation of a Memorandum of Arrangement between National Investigation Agency of India and the New Zealand Police on law enforcement cooperation.

Strengthen collaboration through the Coalition for Disaster Resilient Infrastructure to improve the resilience of infrastructure systems.

Pillar III: Trade and Economic Cooperation

Bilateral Trade

Work towards an aspirational goal of doubling bilateral two-way trade in goods and services to NZ$7 billion (₹35,000 crore) by 2030.

Work together on next steps for the India-New Zealand Free Trade Agreement to ensure its early entry into force and effective implementation.

Operationalise the 2025 Authorised Economic Operators Mutual Recognition Arrangement (AEO-MRA) under the aegis of the 2024 Customs Cooperation Arrangement (CCA) to simplify customs processes and facilitate trusted trade.

Primary Industries

Implement the 2025 Memorandum of Cooperation on Horticulture to advance joint research, knowledge exchange, post harvest innovation, and market development initiatives.

Implement the 2025 Letter of Intent on Forestry Cooperation through sustained policy dialogue, technical exchanges, and best practice sharing. 23. Implement the Memorandum of Cooperation on Animal Husbandry and Dairying to advance technical and policy collaboration.

Tourism

Operationalise the Memorandum of Arrangement on Tourism to promote two-way visitor flows and industry cooperation in the tourism sector.

Promote tourism growth by encouraging airlines to commence direct (non stop) flights under the updated Air Services Agreement.

Pillar IV: People, Culture, and Sport

Engage diaspora communities as partners in strengthening bilateral people to people links.

Continue to implement the 2025 Memorandum of Cooperation on Sport.

Implement the India-New Zealand Joint Action Plan on Sport between the Ministry of Youth Affairs and Sports of India and Sport New Zealand.

Support an expert-level exchange on traditional medicine.

Continue dialogue between Directorate General of Shipping, Ministry of Ports, Shipping and Waterways of India, and Maritime New Zealand on opportunities to strengthen the recognition of seafarer competency certificates to support our respective maritime industries.

Encourage cooperation under the Memorandum of Arrangement between the National Maritime Heritage Complex, Lothal, India and the New Zealand Maritime Museum.

Implement the Arrangement on Cultural Cooperation to foster better understanding of our respective cultures.

Encourage cooperation between local governments.

Pillar V: Education, Research, Science and Technology, and Disaster Management

Implement the 2025 Education Cooperation Arrangement between the two Ministries of Education to facilitate the continued exchange of information on India’s and New Zealand’s respective education systems.

Endeavour to further grow the number of government and institutional partnerships and engagements aligned to the Education Cooperation Arrangement’s objectives.

Deepen cooperation on climate action and low emissions transitions through active engagement with the International Solar Alliance, focused on solar deployment, financing, and capacity building.

Engage with the Global Biofuels Alliance to support sustainable energy transitions.

Encourage government officials, institutions and industry to scope and build bilateral partnerships in research, science, technology and innovation, with a focus on agriculture, climate, digital transformation, and new and emerging technologies.

Implement a Memorandum of Cooperation between the National Disaster Management Authority of India and the National Emergency Management Agency of New Zealand covering preparedness, emergency response, and capacity building.

Pillar VI: Regional and Multilateral Cooperation

Exchange views on ASEAN led and other regional fora to uphold a rules based Indo Pacific.

Explore concrete cooperation under the Maritime Security pillar of the Indo-Pacific Oceans Initiative and support the peaceful resolution of disputes in accordance with international law, particularly UNCLOS.

Strengthen cooperation at the United Nations and support UN reform, including India’s candidature for permanent membership of a reformed Security Council.

Exchange mutual support, where possible, for candidatures in multilateral and international organisations.

Note that the India-New Zealand Strategic Partnership: Roadmap to 2030 gives rise to no financial commitments and does not create any legally binding rights or obligations under domestic or international law.