New Delhi: Hardeep Singh Puri participated in a roundtable in Tokyo on Monday with leading Japanese industry representatives to discuss opportunities for Indo-Japanese collaboration across the energy value chain. He said India’s large scale, rising energy demand and rapid infrastructure expansion, combined with Japan’s technological strengths, make the partnership “natural” for long-term regional energy stability.
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Puri noted that during Prime Minister Narendra Modi’s visit to Japan in August, the two countries adopted the India-Japan Joint Vision for the Next Decade. Building on progress towards the 2022–2026 target of JPY 5 trillion in public and private investment from Japan to India, a new goal of JPY 10 trillion (about USD 68 billion) in private investment has been set. He said the milestone reflects growing strategic alignment in clean energy and emerging technologies.
Puri said India is opening more than USD 500 billion in investment avenues across exploration and production, LNG, city gas distribution, hydrogen, shipping and new fuels. He highlighted India’s young workforce, reform-led business ecosystem and the emphasis on “Make in India for the World” as key advantages for Japanese investors. Japan’s technology leadership and expertise in green and environmental solutions, he added, make the partnership “inherently complementary.”
He said India’s policy environment has been transformed through measures such as 100 percent FDI in energy sectors, transparent bidding and year-round exploration licensing. India’s six major oil and gas PSUs recorded revenues of about USD 315 billion in FY 2024–25, or nearly 8 percent of GDP, which Puri said positions the country as a global energy anchor and a reliable long-term partner for Japanese companies.
Puri said India is the world’s third-largest oil consumer and will account for nearly 30 percent of incremental global energy demand over the next two decades. He pointed to India’s expanding natural gas infrastructure—with an investment outlay of around USD 72 billion—as an area of strong synergy with Japan’s technological capabilities, particularly in integrating gas with future fuels such as hydrogen.
Recalling the example of the Maruti-Suzuki partnership, Puri said India and Japan stand at a similar inflection point in the energy sector, where they can co-create resilient supply chains, develop skilled human capital and strengthen Indo-Pacific energy security.
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Puri invited Japanese industry to engage actively with India’s evolving energy landscape and said the government is ready to facilitate deeper collaboration across the value chain.