Archive · 27 Aug 2026
Piyush Goyal Invites Japanese Firms to Join India’s Semiconductor Boom
India wants more companies to build semiconductors in the country.
Commerce Minister Piyush Goyal invited Japanese businesses, especially from the Kansai region, to invest.
He said India has already helped bring billions of dollars into the semiconductor industry.
A new government program will provide $15 billion to encourage more investment.
India expects its semiconductor market to become worth $150 billion each year within five years.
Goyal also discussed training Indian workers for jobs in Japan.
He suggested cooperation in food processing and shipping as well.
The goal is for India and Japan to grow their businesses and skills together.
Piyush Goyal invited Japanese companies, especially from Kansai, to invest in India’s semiconductor ecosystem.
India’s first Semiconductor Mission seeded $10 billion and helped attract $20 billion in sector investment with state support.
Semiconductor India Mission 2.0 has a $15 billion outlay and is expected to mobilize $50 billion with matching state incentives.
Goyal said India’s annual semiconductor consumption could reach $150 billion within five years.
He also proposed cooperation in worker training, food processing, and seafarer education with Japanese companies.
- Who
- Union Commerce and Industry Minister Piyush Goyal invited Japanese companies, particularly from Kansai, to cooperate with India.
- What
- Goyal promoted investment and partnerships in semiconductors, worker training, food processing, and shipping.
- When
- The roadshow was addressed on Thursday and the report was published on August 27, 2026.
- Where
- The Investors and Business Roadshow took place in the Kansai region of Japan; proposed seafarer training cooperation includes Mumbai, India.
- Why
- India wants to attract investment and partnerships as semiconductor demand grows and to expand cooperation with Japanese businesses.
- First Semiconductor Mission
- Seeded $10 billion and, with state government support, drew $20 billion in sector investment.
- Semiconductor India Mission 2.0
- Launched with a $15 billion government outlay.
- Expected fresh investment
- The government expects the new mission and matching state incentives to mobilize $50 billion.
- Projected semiconductor consumption
- India’s annual semiconductor consumption is projected to reach $150 billion within five years.
- People-mobility proposal
- Japan signalled willingness to welcome 300,000 Indians across various sectors.
- Indian seafarers
- Nearly 250,000 Indian seafarers currently serve on ships worldwide.
- Mumbai training academy
- Mediterranean Shipping Company agreed to establish a major seafarer training academy in Mumbai.