Prime Minister Narendra Modi on Friday announced a major step in strengthening India-Japan relations, unveiling a 10-year roadmap that includes a target of 10 trillion yen ($65 billion) Japanese investment in India.

Speaking after talks with Japanese Prime Minister Shigeru Ishiba at the 15th India-Japan Annual Summit, Modi said the partnership is rooted in “mutual trust and shared democratic values,” and will shape peace, prosperity, and stability not only for both nations but also for the world.

Modi highlighted key areas of cooperation: investment, innovation, technology, defense, economic security, and green energy. “We believe that Japanese technology and Indian talent are a winning combination,” he said, citing progress in semiconductors, rare earths, and artificial intelligence under Digital Partnership 2.0 and the AI Cooperation Initiative.

A landmark agreement between India’s ISRO and Japan’s JAXA for the Chandrayaan-5 mission was also announced, underscoring joint ambitions in space exploration. “Our active participation will become a symbol of humanity’s progress beyond the earth,” Modi said.

To boost people-to-people ties, Modi revealed a Human Resource Action Plan encouraging the exchange of 500,000 individuals over the next five years, with 50,000 skilled Indians contributing to Japan’s workforce. Partnerships between Indian states and Japanese prefectures will also expand, opening opportunities in trade, tourism, education, and culture.

On security, Modi and Ishiba stressed the need for deeper defense and maritime cooperation, calling terrorism and cybersecurity “shared concerns.” A new Economic Security Cooperation Initiative will focus on critical and strategic sectors.

Modi termed the discussions with Ishiba “productive and purposeful,” reaffirming that the India-Japan partnership, launched a decade ago as a “special strategic and global partnership,” has now entered a new phase of growth.