Japanese private companies are set to inject a massive $12.5 billion into the rapidly growing Indian market through approximately 120 cooperation agreements at the 16th Japan-India Annual Summit, coinciding with Prime Minister Sanae Takaichi's first official visit to New Delhi on Thursday. In a post on X, Japan's Deputy Chief Cabinet Secretary Masanao Ozaki, who arrived in New Delhi along with PM Takaichi, noted that over 150 companies will be participating in the Japan-India Economic Forum, adding that it will strengthen government-to-government relations in areas such as security and economic security.