New Delhi: Suzuki Motor president Toshihiro Suzuki will be among top Japanese business leaders accompanying Prime Minister Sanae Takaichi for the India-Japan annual summit, to be held for the first time in the Northeast.The summit between Prime Minister Narendra Modi and his Japanese counterpart Takaichi is scheduled for July 1-3 in Guwahati.The visiting delegation will include around 50 business leaders, said people in the know. Executives from trading house Itochu and Toyota Motor's trading arm, Toyota Tsusho, will be part of the team, they said.Japanese SMEs and startups will also participate in an Indo-Japanese business forum being organised alongside the summit. Ahmedabad has so far been the only Indian city outside New Delhi to host the summit. The upcoming event in Guwahati, the largest city of Assam, is expected to give a boost to the expanding India-Japan semiconductor industry collaboration when the north-eastern state is fast emerging as a hub for semiconductor production.Also Read: India, Russia prevented global economy from collapsing: IMEMO chiefAccording to Japan's Ministry of Foreign Affairs, 59 Japanese business establishments had operations in Assam as of 2024, focusing primarily in the financial and insurance sectors.Economic security covering semiconductors, critical minerals, artificial intelligence, emerging technologies and information and communications technology is a key element of India-Japan strategic partnership.Joint Military ExercisesThe summit launched a joint initiative to secure supply chains for critical goods like telecommunications, pharmaceuticals, critical minerals, semiconductors, and clean energy. It also reaffirmed the bilateral strategic partnership to support a free and open Indo-Pacific, expanding joint exercises across all military branches and collaborating on naval technology.A component of the Free and Open Indo-Pacific concept that Japan announced in 2023 was the creation of an industrial corridor linking the Bay of Bengal with north-eastern India. The governments of Japan and India have now begun accelerating this initiative.At the 15th annual summit held in Tokyo on August 29-30 last year, Prime Minister Modi and his then Japanese counterpart Shigeru Ishiba reinforced their "Special Strategic and Global Partnership". The summit established a roadmap for the next decade across economics, security, and technology.