On 29 August 2025, India and Japan signed a Memorandum of Cooperation (MoC) to strengthen collaboration in the critical minerals and mining sector during PM Modi’s visit to Tokyo for the 15th India-Japan Annual Summit. The pact, signed between India’s Ministry of Mines and Japan’s METI, focuses on building resilient supply chains, joint mineral projects, sustainable deep-sea mining, stockpiling strategies, and investments in India and third countries.
PM Modi and Japanese PM Shigeru Ishiba also set a target of 10 trillion yen Japanese investment in India over 10 years, emphasizing cooperation in SMEs, start-ups, and eight pillars: investment, innovation, economic security, environment, technology, health, mobility, people-to-people exchanges, and state-prefecture ties. ISRO and JAXA to collaborate on Chandrayaan-5 under LUPEX programme.
