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During his recent visit to Japan, Prime Minister Modi embarked on a tour of a semiconductor factory, underscoring the mutually beneficial nature of the partnership between India and Japan in the semiconductor industry. Both nations have affirmed their commitment to deepening collaboration across various domains, including semiconductors and crucial minerals. Japan intends to substantially boost its investments in India over the next decade, a move that is anticipated to assist India in mitigating its reliance on semiconductor imports. Concurrently, Japan aims to capitalize on India's rich talent pool to drive down costs. Through this initiative, India aspires to seamlessly integrate into the global supply chain, thereby accelerating the evolution of the 'Make in India' strategy.
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