Archive · 29 Aug 2026
Goyal Urges Japan to Build 1,580 Suzukis in India
Piyush Goyal visited Japan to encourage more Japanese companies to invest in India.
He said India should create 1,580 successful companies like Suzuki.
The number refers to the 1,580 Japanese companies already operating in India.
More than 220 Indian business representatives joined the visit.
India and Japan are discussing ways to improve trade and reduce India’s trade deficit.
They are also exploring cooperation in energy, transport, medicines, semiconductors and important minerals.
Japan plans to invest $62 billion in India over the next 10 years.
Indian business representatives will visit Japanese factories to learn about technology and find new partnerships.
Piyush Goyal urged Japanese companies to help create 1,580 successful Indian businesses modeled on Suzuki.
More than 220 Indian industry representatives are accompanying Goyal during his August 24–27 Japan visit.
India and Japan are reviewing their 2011 trade agreement while seeking to reduce a $27.47 billion trade deficit.
Talks covered energy, mobility, infrastructure, pharmaceuticals, semiconductors and critical minerals.
Japan has targeted $62 billion in investment in India over 10 years, with about $1.2 billion invested so far.
- Who
- India’s Commerce and Industry Minister Piyush Goyal, more than 220 Indian industry representatives and Japanese business leaders.
- What
- Goyal urged Japan to increase investment and encouraged the creation of 1,580 successful Indian companies modeled on Suzuki.
- When
- During Goyal’s Japan visit from August 24 to 27; the year is not specified.
- Where
- Japan and India, including facilities of Japanese companies that the Indian delegation is scheduled to visit.
- Why
- To strengthen India-Japan trade and industrial cooperation, reduce India’s trade deficit and expand investment in strategic sectors.
- Japanese companies in India
- 1,580 companies are currently operating in India, according to Goyal’s remarks.
- Indian delegation
- More than 220 Indian industry representatives are accompanying Goyal in Japan.
- Bilateral trade
- Trade between India and Japan is around $27.47 billion.
- Trade agreement
- The countries are reviewing their 2011 India-Japan trade agreement.
- Japanese investment target
- Japan has set a target of investing $62 billion in India over the next 10 years.
- Investment so far
- Around $1.2 billion of that target has already been invested.
- Potential vaccine partnership
- Meiji Seika Pharma is exploring a partnership with Serum Institute of India to supply a Japanese encephalitis vaccine.