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.
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.
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.
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.
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.
First Published:
May 21, 2026, 13:03 IST
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