In an interview with IANS on Sunday, Fujii dissected the policy’s strengths. ‘It is very well designed and serves as an effective policy,’ he affirmed, underscoring its role in fostering self-reliant growth.

The executive stressed balancing internal demand with global outreach. Domestic market expansion, he argued, is as vital as export ambitions for sustainable prosperity. This approach, Fujii believes, is key to India’s ongoing success story.

India’s economic surge over the last ten years stands out, especially against China’s decelerating pace. Maintaining 6-7% growth, India’s dynamism owes much to Modi’s strategic leadership, according to Fujii. ‘The current growth and dynamism in the Indian economy is largely due to Prime Minister Narendra Modi’s policies,’ he noted.

Looking ahead, Fujii is optimistic. ‘India’s economy will continue to grow like this in the coming times,’ he predicted.

Backing these views, the NXT Foundation’s latest India Progress Report reveals India vaulting past Japan with a $4.8 trillion GDP, achieving 8.2% growth – the world’s highest among major economies. This trajectory points to India soon becoming the third-largest economy globally.

Fujii’s praise highlights deepening Indo-Japanese ties, with ‘Make in India’ acting as a magnet for foreign investment. As Modi’s vision takes shape, India’s rise is redefining global economic maps.

Participating companies include heavyweights like Kubota Corporation, a 134-year-old leader in agricultural and industrial machinery from Osaka; Minda Corporation, India’s top automotive parts maker offering cutting-edge sensors and EV tech; Japan Aviation Electronics Industry (JAE), experts in precision connectors; Nagase & Co., spanning chemicals to electronics; Seiko Advance for advanced printing solutions; and others in hospitality and concrete tech.

These agreements cover a broad spectrum: from tractors and harvesters to environmental infrastructure, auto electronics, industrial printing, and property development. Kubota’s global prowess in engines, construction gear, and water systems pairs perfectly with its Escorts collaboration, set to revolutionize UP’s farming sector.

Spark Minda’s innovations in wiring and interiors will integrate with JAE’s aerospace-grade tech, boosting automotive manufacturing. Nagase’s materials expertise promises advancements in mobility solutions, while Seiko’s inks enhance everything from car graphics to appliance panels. O&O’s real estate ventures add a lifestyle dimension.

Experts view these pacts as a game-changer for bilateral industrial ties, injecting capital, technology, and expertise into UP. With manufacturing hubs expanding, job creation is imminent, positioning the state as India’s investment magnet. Yogi’s strategic diplomacy is redefining UP’s global economic footprint.

Talks revolved around the robust India-Japan strategic alliance fostered by PM Narendra Modi and the budding synergy between UP and Yamanashi. In a warm reception, CM Yogi stressed the profound foundation of bilateral relations—built on mutual trust, disciplined governance, cutting-edge innovation, and sustainable progress.

The state, he noted, is steadfast in its resolve to operationalize this alliance at the grassroots level. Central to the agenda was the 2024 MoU between UP and Yamanashi, which promotes joint initiatives in green hydrogen, technological advancements, skill enhancement, and eco-friendly industrialization.

Highlighting UP’s leadership in renewables, the CM outlined dedicated excellence hubs for green hydrogen R&D and workforce training. The UP Green Hydrogen Policy-2024 stands as a beacon for investors, ensuring clarity, transparency, and ease of business, managed by UPEDA.

The delegation applauded the YEIDA green hydrogen pilot project’s commercial rollout, marking it as a breakthrough. They voiced strong enthusiasm for deeper involvement ahead.

Cultural dimensions enriched the dialogue, exploring Buddhist legacy and tourism linkages to bridge communities. Looking ahead, CM Yogi envisioned an empowered partnership driving advancements in clean energy, industry, tech, and heritage exchanges, setting a new trajectory for enduring ties.