Prime Minister Narendra Modi’s recent journey to Tokyo has laid the groundwork for new financial and labor initiatives aimed at bolstering the economic ties between India and Japan, particularly in Central Asia and the Shanghai Cooperation Organization (SCO) region, according to a report from Japan Forward. The proposed Japan-India Eurasia Investment Partnership seeks to harness Japanese investment alongside Indian project execution capabilities. Potential projects may include logistics hubs, renewable energy initiatives, and agro-processing facilities designed to meet the region’s pressing economic demands while simultaneously expanding market opportunities for both Japanese and Indian businesses.
Analysts highlighted that India’s investments in Chabahar Port and the International North-South Transport Corridor (INSTC) have not been fully utilized. With Japan’s technical and financial backing, these routes could evolve into more efficient links between Japan, India, and Eurasian markets. The report also suggested the creation of joint industrial parks in countries such as Uzbekistan and Kazakhstan, where Indian pharmaceutical and IT firms could partner with Japanese capital goods manufacturers to foster job creation and boost exports.
Japan’s stable private capital, advanced manufacturing capabilities, and project management expertise, coupled with India’s competitive manufacturing landscape and affordable pharmaceuticals, could drive job creation and enhance export potential through these industrial parks. Both nations aim to offer a transparent and credible alternative to China’s Belt and Road Initiative, which has raised concerns about debt and dependence in some areas of the region.
During PM Modi’s visit, Japan unveiled its plan to invest 10 trillion Japanese yen in private investment in India over the next five years. Leaders also initiated a mobility program designed to facilitate the movement of 500,000 individuals, including 50,000 skilled and semi-skilled Indian workers, to Japan. Establishing a robust Japan-India presence in SCO member states could not only counterbalance China’s dominant trade strategies but also provide the region with authentic alternatives, as the report elaborates.
Original Source: https://theshillongtimes.com/2025/10/12/japan-india-to-pursue-joint-investment-opportunities-in-central-asia-report/
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Publish Date: 2025-10-12 04:08:00
