The Ministry of Commerce and Industry announced that Union Minister Piyush Goyal has led India’s largest business delegation to Japan to strengthen economic ties between the two countries. The four-day visit, taking place from 24 to 27 August, brings over 200 Indian business representatives across Tokyo, Nagoya and Osaka. The push reflects New Delhi’s intent to expand the India-Japan partnership beyond traditional trade into defence, semiconductors, clean energy and supply-chain resilience.
What is being discussed
Minister Goyal met with leadership from major Japanese corporations including Sumitomo Corporation, Meiji Seika Pharma, Mitsubishi Corporation, Tokyo Electron and MinebeaMitsumi to explore expansion opportunities and increased investment in India. The delegation held a round-table with Keidanren, the Japan Business Federation representing over 1,500 leading Japanese companies, focused on capital goods, machinery, automotive sectors and micro, small and medium enterprises.
The Minister called for Japanese companies to double their presence in India during this decade from current levels. India and Japan have jointly designated 2026 as the “India-Japan Year of Shared Horizons,” marking 75 years of diplomatic relations.
The Indian delegation comprises representatives from multiple sectors:
- Manufacturing and semiconductors
- Clean energy
- Steel and automotive
- Financial services and healthcare
- Start-ups
The delegation was jointly constituted by leading Indian industry bodies including the Federation of Indian Chambers of Commerce and Industry, the Confederation of Indian Industry, and the Associated Chambers of Commerce and Industry of India, working with the Ministry of Commerce and Industry.
What this means for you
Japanese companies operating in India may expand operations and create more jobs across manufacturing, semiconductors and clean energy sectors. Indian businesses, particularly suppliers and smaller manufacturers, have fresh opportunities to integrate into Japanese corporate supply chains and technology partnerships. Improved trade ties could eventually lead to better access to Japanese technology, capital and expertise in key growth areas for India’s economy.