Advertisement
Co Presented By
Co Presented By

PM Modi’s 5-nation tour secures $40 billion investment pipeline, boosts strategic partnerships

From semiconductors and AI to energy and defence, Prime Minister Narendra Modi’s diplomatic sprint across five countries has brought fresh investments, strategic upgrades, and deeper economic cooperation for India.

Advertisement
Indian Prime Minister Narendra Modi at the press conference after the meeting between India and the Nordic countries at the City Hall in Oslo, Tuesday, May 19, 2026. AP
Indian Prime Minister Narendra Modi at the press conference after the meeting between India and the Nordic countries at the City Hall in Oslo, Tuesday, May 19, 2026. AP
FP Business Desk|May 21, 2026, 14:15:50 IST

Prime Minister Narendra Modi’s recent five-nation diplomatic tour has delivered a major economic and strategic boost for India, with fresh investment commitments and expansion plans worth nearly $40 billion (around Rs 3.5 lakh crore) emerging from meetings with global businesses and partner nations.

During the visit, PM Modi held interactions with CEOs and senior executives from over 50 multinational companies across sectors including semiconductors, infrastructure, logistics, technology, and manufacturing.

Advertisement

Together, these firms represent a market valuation of nearly $3 trillion, with existing investments and business exposure in India estimated at around $180 billion, according to officials.

The United Arab Emirates committed fresh investments worth $5 billion, while several companies outlined plans to expand their India footprint amid growing interest in the country’s consumption story and economic growth trajectory.

businessMore from Business

PM Modi’s tour covered the UAE, the Netherlands, Sweden, Norway, and Italy at a time when global supply chains, energy security, and geopolitical alignments are undergoing significant shifts. Beyond investment announcements, India used the visit to position itself as a trusted manufacturing and technology partner under the global “China Plus One” strategy.

Advertisement

Semiconductors emerged as a key focus area. Discussions in Europe centered around chip ecosystems and supply chains, including a notable semiconductor collaboration involving ASML and Tata. India also pushed cooperation in artificial intelligence, clean energy, and advanced technologies.

The diplomatic outcomes extended beyond economics. India and the Netherlands unveiled a strategic roadmap covering trade, defence, semiconductors and green hydrogen, while India and Sweden elevated ties to a strategic partnership. During the Italy leg, India upgraded relations with Rome to a Special Strategic Partnership after talks with Italian Prime Minister Giorgia Meloni.

Officials view the tour as a broader signal that India aims to emerge not only as a fast-growing economy but also as a major player shaping the next phase of the global economic and geopolitical order.

Handpicked stories, in your inbox
Global stories. Indian perspective. Zero noise.
No Spam. Unsubscribe Any Time.
First Published:May 21, 2026, 13:03:26 IST
Advertisement
Advertisement
Trending Stories

No premium queues, 30-minute target: What changes for Indian passport applicants in UAE

Indian passport applicants in the UAE can now access passport, visa and attestation services through Alhind’s 16 centres, with no premium queues, a Dh19 service fee and a target of completing applications within 30 minutes
4 min read
Advertisement
Advertisement
Up Next