6 days ago

Japan’s India Investment Pledge Could Arrive Three Years Early

Japan promised to invest a very large amount of money in India over 10 years.

Japanese companies have already invested more than Rs 1 lakh crore in the first 10 months.

Piyush Goyal believes the full promise could be completed in three to four years.

India wants the number of Japanese companies operating there to double.

Goyal encouraged Japanese businesses to invest in manufacturing, finance, insurance and pension funds.

He also suggested ways for startups, universities and technology companies in both countries to work together.

A pitching program has connected 65 Indian startups with about 100 Japanese companies.

India now has 2.5 lakh startups, including more than 130 unicorns.

Key facts

Investment pledge: 10 trillion yen, described as approximately Rs 7 lakh crore, over 10 years.
Investment so far: More than Rs 1 lakh crore invested by Japanese firms in India in 10 months.
Projected completion: Piyush Goyal said the pledge could be fulfilled within three to four years.
Japanese company target: India aims to increase Japanese enterprises operating in the country from 1,500 to 3,000.
Pitching Series results: The India-Japan Pitching Series connected 65 Indian startups with around 100 Japanese corporations and facilitated more than 30 business tie-ups.
Startup ecosystem: India has 2.5 lakh startups, including more than 130 unicorns.
Startup funds: India’s second Fund of Funds is around $1 billion; the first $1.5 billion fund reportedly catalysed $10 billion in investments.

financialexpress.com · 6 days ago