6 days ago
Piyush Goyal Pushes India-Japan Investment in Chips and Industry
India’s Commerce Minister Piyush Goyal visited Japan for four days.
He met government officials, banks, industry groups and many Japanese companies.
He asked them to invest more in India and build factories and technology partnerships there.
Semiconductors, electronic parts, artificial intelligence and steel were important topics.
Goyal said India has many young skilled workers and a growing manufacturing industry.
Japanese companies could bring technology and engineering experience to work with Indian businesses.
The talks also covered reliable electricity, water and workers for new chip-making areas in India.
Goyal invited businesses from central Japan to visit India and explore opportunities.
The visit was connected to a goal of attracting JPY 10 trillion in Japanese private investment over the next decade.
Piyush Goyal’s four-day Japan visit focused on trade, investment, technology and industrial cooperation.
He met Japanese government officials, financial institutions and leaders from more than 30 companies.
Discussions highlighted semiconductors, artificial intelligence, electronics, steel, manufacturing and resilient supply chains.
Goyal invited Japanese companies and Central Japan businesses to expand investment and partnerships in India.
The visit advanced a target of JPY 10 trillion in Japanese private investment in India over the next decade.
- Who
- India’s Commerce and Industry Minister Piyush Goyal, Japanese government officials, financial institutions, industry groups and company leaders.
- What
- A four-day visit and business discussions aimed at expanding India-Japan trade, investment, technology and industrial cooperation.
- Where
- Tokyo, Nagoya and Osaka, Japan, with discussions involving India and Japan’s Chubu region.
- When
- During Piyush Goyal’s four-day visit to Japan; the articles do not provide specific dates.
- Why
- To attract Japanese investment, strengthen supply chains and develop partnerships in manufacturing, semiconductors, artificial intelligence, infrastructure and other strategic sectors.
Key facts
- Visitor
- Piyush Goyal, India’s Commerce and Industry Minister
- Japanese cities visited
- Tokyo, Nagoya and Osaka
- Key sectors
- Semiconductors, artificial intelligence, electronics, steel, manufacturing, automotive, infrastructure and clean energy
- Investment target
- JPY 10 trillion in Japanese private investment in India over the next decade
- Semiconductor demand projection
- India’s domestic chip demand is projected to reach USD 150 billion by 2032
- Business participation
- More than 30 major Japanese companies joined high-level engagements, while more than 80 Chubu-region companies attended a Nagoya roadshow
- Organizations and companies mentioned
- Japan Business Federation, Central Japan Economic Federation, ROHM Co., Ltd., Aichi Steel Corporation, MUFG, Mizuho, Nomura, Nippon Life, Development Bank of Japan and Japan External Trade Organization
Quotes
Piyush Goyal
India’s Commerce and Industry Minister
“India's expanding electronics ecosystem offers significant scope for greater collaboration and investment”
thehansindia.com
Sources
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