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Piyush Goyal Meets Japanese Leaders to Deepen Investment Ties

Piyush Goyal Meets Japanese Leaders to Deepen Investment Ties
Piyush Goyal meets Japanese financial leaders to deepen capital flows and investment ties · livemint.com

Piyush Goyal met Japanese financial leaders in Tokyo to encourage them to invest more in India.

The two countries want Japanese private investors to provide 10 trillion yen over the next ten years.

Goyal said India’s economy is growing strongly despite problems around the world.

He described opportunities in technology, clean energy, factories and digital infrastructure.

Japanese institutions said they are already active in India and see strong long-term potential.

Some institutions discussed investments in finance, renewable energy, property, venture capital and technology.

They also said that moving profits out of India and dealing with regulations can sometimes be difficult.

Goyal said the Indian government wants to make investing easier.

The meeting also discussed GIFT City as a way to support investment between the two countries.

Key facts

Investment target
India and Japan aim to mobilise 10 trillion yen of Japanese private investment into India over the next decade.
India’s reported growth
Goyal said India recorded 7.7% growth last year despite global uncertainties.
Long-term economic goal
India is working towards becoming a $30-trillion economy by 2047.
Priority sectors
Semiconductors, artificial intelligence, data centres, renewable energy, green hydrogen, advanced manufacturing and digital infrastructure.
MUFG investment
MUFG highlighted an investment of around $4 billion in Shriram Finance.
Morgan Stanley presence
Morgan Stanley said India is one of its most important global locations, with more than 19,000 employees.
Proposed investment gateway
The meeting examined GIFT City’s potential role in facilitating international and cross-border investment.

Sources

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