The Ministry of Commerce & Industry announced that Union Minister Shri Piyush Goyal has completed an official visit to Japan focused on attracting greater Japanese investment and deepening industrial ties between the two countries. During the trip, the Minister met with senior government officials, financial institutions and representatives from over 30 major Japanese companies to explore partnerships across manufacturing, technology and infrastructure sectors.
A central goal of the visit was to work towards the target of 10 trillion Japanese yen in private investment flowing into India over the next decade, a commitment made during Prime Minister Narendra Modi’s 2025 visit to Japan.
Key Focus Areas and Figures
The Minister held sector-specific roundtable discussions on four areas: Capital Goods, Machinery and Automotive; Semiconductors and Artificial Intelligence; Startups; and Foreign Institutional Investors. These meetings brought together Japanese and Indian businesses to identify concrete partnerships, particularly involving India’s smaller supplier companies and micro, small and medium enterprises.
On semiconductors, Shri Goyal highlighted India’s six-pillar strategy covering chip design, semiconductor machinery and materials, fabrication, assembly testing and outsourced semiconductor assembly and packaging, research and development, and talent development. He noted that India’s semiconductor demand is projected to reach 150 billion US dollars by 2032. Japanese companies showed interest in expanding operations in India across semiconductor materials, equipment, power semiconductors, electronics and artificial intelligence.
The Minister also engaged with Japan’s leading financial institutions including MUFG, Mizuho, Nomura, Nippon Life and the Development Bank of Japan to explore deepening capital flows into India’s infrastructure, manufacturing and technology sectors.
Shri Goyal emphasised India’s economic strengths: a 7.7 per cent growth rate, ambitions to become a 30 trillion US dollar economy by 2047, a large young workforce, expanding digital economy and improving business environment. He also highlighted India’s renewable energy capacity and robust power grid as assets for energy-intensive industries like semiconductor manufacturing and data centres.
What This Means for You
If you work in manufacturing, technology, semiconductors or startups, these discussions could translate into more Japanese investment flowing into Indian companies and new job opportunities in advanced sectors. Japanese companies expanding operations in India may create positions across engineering, design, supply chain and support functions. Investors and entrepreneurs in India may find increased access to Japanese capital, expertise and technology partnerships, particularly in emerging clusters and regions beyond major metros.