1 week ago

Goyal Urges Japanese Firms to Double India Presence by 2030

India wants more Japanese companies to invest and operate in the country.

Commerce and Industry Minister Piyush Goyal asked them to double their presence by 2030.

The two countries are focusing on factories, computer chips, clean energy, technology and stronger supply chains.

Goyal met Japanese business leaders to discuss expanding their operations in India.

Semiconductor manufacturing was an important topic in the meetings.

Indian and Japanese companies also discussed working with smaller Indian suppliers.

More than 200 people joined India’s largest-ever business delegation to Japan.

The countries will celebrate 75 years of diplomatic relations in 2026.

Key facts

Investment target: Japanese companies were urged to double their presence in India by 2030.
Priority sectors: Manufacturing, semiconductors, clean energy, technology and resilient supply chains.
Business delegation: India’s delegation included more than 200 representatives.
Companies consulted: Sumitomo Corporation, Meiji Seika Pharma, Mitsubishi Corporation, Tokyo Electron and MinebeaMitsumi.
Supplier cooperation: Discussions focused on Japanese links with India’s tier-II and tier-III supplier ecosystem.
Diplomatic milestone: 2026 will be the India-Japan Year of Shared Horizons, marking 75 years of diplomatic relations.
Cities visited: Tokyo, Nagoya and Osaka.

livemint.com · 1 week ago