MaterialsJapan's IHI and India's ACME to join $3bn initiative as leaders deepen energy tiesJapanese Prime Minister Sanae Takaichi will visit India this week to meet with her counterpart, Narendra Modi. Japan is set to subsidize ammonia production in India. (Source photos by Sae Kamae and Ken Suzuki)Nikkei staff writersJune 29, 2026 18:36 JSTTOKYO -- Japan and India are set to agree on funding a hydrogen and ammonia production project by Japan's IHI and India's ACME Group later this week when Indian Prime Minister Narendra Modi hosts counterpart Sanae Takaichi, Nikkei learned on Monday.