6 days ago

Goyal’s Japan Visit Spurs Robotics Investment, Trade Ambitions

Goyal’s Japan Visit Spurs Robotics Investment, Trade Ambitions
Piyush Goyal's Japan Visit Yields Early Robotics Investment, Boosts India-Japan Business Ties · republicworld.com

India’s Commerce Minister Piyush Goyal visited Japan with a large business group.

He met Japanese companies and encouraged them to invest in India.

One robotics company reportedly found an Indian company to work with and make robots in India.

The visit also covered semiconductors, electronics, artificial intelligence, energy and other industries.

India wants the number of Japanese companies operating there to grow from about 1,500 to 3,000.

The two countries have started discussing changes to their trade agreement.

Both sides will protect issues they consider sensitive during the talks.

India and Japan also want to increase their total trade to USD 50 billion by 2030.

Key facts

Delegation size
Nearly 200 people from India and global industry participated in the visit.
Robotics outcome
A company contacted in Tokyo identified an Indian company for investment and robot manufacturing in India by Thursday.
Japanese companies in India
Around 1,500 Japanese companies currently operate in India.
Expansion target
Prime Minister Narendra Modi has set a target of increasing that number to 3,000.
Bilateral trade
India-Japan trade stood at USD 27.47 billion in FY 2025–26.
Trade goal
Industry bodies and officials are targeting USD 50 billion in bilateral trade by 2030.
Trade agreement
India and Japan have begun talks to review the Comprehensive Economic Partnership Agreement.
Diplomatic milestone
2026 is designated as the India-Japan Year of Shared Horizons, marking 75 years of diplomatic relations.

Quotes

Piyush Goyal

India’s Union Commerce and Industry Minister

“Of course, whenever there is a review, every country takes care of its sensitive issues. In the same way, the talks with Japan have just begun, and when the talks go ahead, we will take care of the sensitive issues on both sides”
republicworld.com
“I saw very good excitement in Japan. I have had many good meetings. More than 200 people from India, from the world of industry, came with me. They also have many business-to-business connections.”
republicworld.com

Sources

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