Japan MSME partnerships likely to drive next wave of growth: Report

New Delhi, April 7 As global supply chains realign and businesses look at setting up facilities outside China, India has emerged as a long-term strategic investment destination, with competitive export potential for Japan’s mid-sized companies to partner Indian MSMEs (micro, small and medium enterprises) to drive growth. The India–Japan ‘Joint Vision for the Next Decade’, adopted during Prime Minister Narendra Modi’s visit to Tokyo in August 2025, encourages cooperation among SMEs (small and medium enterprises) by fostering visits by Japanese SMEs to India and by expanding downstream industries. Japan aims to help its companies view India as a production base,…