1 week ago
Goyal Pitches India to Japan, Invoking Jack Ma’s Experience
Piyush Goyal asked Japanese companies to invest more money in India.
He said India protects business ideas, data and entrepreneurs.
He also said India is more than just an extra place to make products outside China.
Goyal seemed to mention Jack Ma without saying his name.
Ma disappeared from public view after criticizing Chinese regulators in 2020.
He later appeared as a visiting professor at the University of Tokyo in 2023.
India wants Japanese help in areas such as computers, clean energy and advanced factories.
Japan has already invested billions of dollars in India, but the two countries still have a trade imbalance.
Piyush Goyal presented India as a trusted investment destination for Japanese companies during a Tokyo business meeting.
Goyal appeared to reference Jack Ma without naming him, contrasting India with the experience of a successful Chinese businessman who later became a Japanese university professor.
He highlighted India’s protections for intellectual property and data, saying entrepreneurship is celebrated and India is not merely a “plus one” manufacturing destination.
India is seeking Japanese investment in semiconductors, artificial intelligence, clean energy and advanced manufacturing.
Japan invested $48.14 billion in India between 2000 and 2026, while both countries have set an investment target of about Rs 60,000 crore over the next decade.
- Who
- Union Commerce and Industry Minister Piyush Goyal addressed Japanese business leaders and led a delegation of more than 200 Indian business leaders.
- What
- Goyal pitched India as a trusted investment destination and appeared to allude to Jack Ma’s experience in China.
- Where
- Tokyo, Japan.
- When
- During Goyal’s four-day visit to Japan; the article does not specify the date of his remarks.
- Why
- India is seeking Japanese capital and technology for strategic industries while attempting to deepen economic ties and address its trade deficit with Japan.
India as a trusted investment destination
Concerns highlighted by the Jack Ma comparison
Business security
India as a trusted investment destination
Goyal said entrepreneurs are celebrated in India and that investors can trust India to protect their data and intellectual property.
Concerns highlighted by the Jack Ma comparison
The apparent reference to Jack Ma suggested a contrast with the risks faced by successful entrepreneurs in China, although Goyal did not name Ma or China.
Manufacturing role
India as a trusted investment destination
Goyal argued that India is not merely a backup manufacturing location and offers Japanese companies a major investment opportunity.
Concerns highlighted by the Jack Ma comparison
The article places the pitch in the context of companies diversifying supply chains beyond China and India’s continuing trade deficit with Japan.
Key facts
- Speaker
- Piyush Goyal, India’s Union Commerce and Industry Minister
- Investment sectors
- Semiconductors, artificial intelligence, clean energy and advanced manufacturing
- Japanese investment in India
- $48.14 billion between 2000 and 2026, according to figures cited during the visit
- Future investment target
- Around Rs 60,000 crore in India over the next decade
- Jack Ma’s resurfacing
- Ma appeared publicly in 2023 as a visiting professor at the University of Tokyo
- India-Japan trade
- India continues to run a significant trade deficit with Japan
- Goyal’s message
- India offers protection for intellectual property and data and is not merely a “plus one” country
Quotes
Piyush Goyal
India’s Union Commerce and Industry Minister
“Entrepreneurship is celebrated in India. You don't have to worry that if you make money in India, if you are a successful businessman, you may disappear one day, and end up coming out as a professor in a Japanese University. That risk doesn't happen in India.”
firstpost.com
“Your data will never be stolen. You can trust that your intellectual property will never be compromised. IPR is respected in India. Entrepreneurship is celebrated in India.”
firstpost.com
Sources
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