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Piyush Goyal Highlights India’s Startup Growth During Japan Visit
Piyush Goyal visited Japan to talk about business cooperation between India and Japan.
He said India had only about 400–500 startups around a decade ago.
Today, India has nearly 250,000 startups, according to his remarks.
He linked this growth to the Startup India program and a changing mindset.
Goyal said great companies should be built to last for many generations.
He met leaders from banks, insurance companies and industrial groups.
They discussed investment, technology, finance, trade and manufacturing.
India is also trying to attract more semiconductor investment.
GIFT City could help connect Japanese money with opportunities in India.
Piyush Goyal said India’s startup count has grown from about 400–500 to nearly 250,000 in a decade.
Goyal said successful companies should be built with a generational vision, not only quarterly or annual goals.
During his Japan visit, Goyal met leaders from major banking, insurance and financial institutions.
His meetings focused on strengthening India-Japan cooperation in investment, banking, trade, mobility and industry.
India is preparing measures to attract semiconductor investment, including a framework to ease BIS certification requirements for high-tech companies.
- Who
- Union Commerce and Industry Minister Piyush Goyal, along with Japanese banking, insurance and business leaders.
- What
- Goyal highlighted India’s startup growth and held meetings to deepen India-Japan financial, investment, trade and industrial cooperation.
- Where
- Japan.
- When
- Wednesday, during the third day of Goyal’s Japan visit; the article does not provide a calendar date.
- Why
- To strengthen economic and financial ties, attract investment and technology, and expand Japanese business engagement with India.
Key facts
- India’s startup count
- Nearly 250,000 today, compared with about 400–500 around a decade ago.
- Startup India
- Goyal credited the program, launched 10 years ago, with contributing to the increase in startup numbers.
- India’s startup ranking
- Goyal described India as having the world’s third-largest startup ecosystem.
- Investment target
- India aims to attract $50 billion in semiconductor investment.
- Financial cooperation
- Goyal met representatives of Nippon Life Insurance, MUFG, SMBC Group and JBIC.
- Industrial cooperation
- Discussions with Toyota Tsusho covered trade, mobility, industrial sectors and India’s role as an export hub.
- GIFT City
- It was described as a gateway for international capital and cross-border investment between Japan and India.
Quotes
Piyush Goyal
India’s Union Commerce and Industry Minister
“India with the world's third largest startup ecosystem... it's now 10 years since we launched Startup India, thanks to which our Startup numbers have increased dramatically from just about 400-500 10 years ago to nearly 250,000 today... has seen a big change in mindset.”
livemint.com
“Great companies are not built for a quarter performance or an annual performance, they are built for generations.”
livemint.com
Sources
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