Union Minister for Finance & Corporate Affairs Smt.
@nsitharaman met Ms. Satsuki Katayama, Minister of Finance
@MOF_Japan, at the sidelines of the World Bank-IMF
#AnnualMeetings in Bangkok, Thailand, today.
The Ministers reviewed the India-Japan Strategic Global Partnership and welcomed Japan’s commitment to facilitate JPY10 trillion in private investment into India. FM Smt.
@nsitharaman handed over a written invitation for a visit by the Japanese side to India, to mark the 75th anniversary of diplomatic relations in 2027 through high-level engagements.
FM Smt.
@nsitharaman highlighted that a huge chunk of the India-Japan Fund corpus has been deployed in clean energy, electric mobility, critical minerals and resilient supply chains. She also welcomed the Development Bank of Japan’s commitment to
@NIIFIndia’s private market fund, and noted the scope for further co-investment in manufacturing and infrastructure.
FM Smt.
@nsitharaman invited Japanese institutions to participate in India’s growing long-term savings pool, including through green infrastructure and ESG-linked pension products, and sought Japan’s expertise in pension sustainability, annuity design and long-term care financing for India’s emerging silver economy.
The Ministers also discussed cooperation between the RBI and the Bank of Japan, including a formal FinTech cooperation framework, CBDC use cases, and sharing India’s UPI experience as Japan modernises its Zengin system in 2027. Cybersecurity cooperation and the role of AI in financial services also featured in the discussions.
FM Smt.
@nsitharaman invited Japanese banks, insurers, reinsurers, asset managers and universities to establish operations at
@GIFTCity_ City’s International Financial Services Centre (GIFT IFSC).
Both sides noted the potential to further deepen India-Japan economic and financial cooperation.