Union Commerce and Industry Minister Piyush Goyal recently wrapped up a significant four-day trip to Japan, emphasizing heightened interest from Japanese enterprises in boosting investments and forming technology collaborations with India. The visit was marked by a robust business delegation comprising nearly 200 representatives. Goyal’s itinerary included meetings with Japanese firms spanning key sectors such as robotics, semiconductors, electronics, renewable energy, and advanced manufacturing.
During these discussions, promising investment avenues emerged. Notably, a Japanese robotics company identified an Indian partner, setting the stage for potential investment and exploring the prospects of manufacturing robots within India. This development underscores the deepening of industrial ties between the two nations.
A major objective of the visit was to augment the presence of Japanese companies in India, where about 1,500 Japanese businesses currently operate. India is keen on significantly increasing Japanese investments across its burgeoning industries, reflecting the mutual interest in strengthening economic bonds.
Concurrently, both countries embarked on discussions to review the India-Japan Comprehensive Economic Partnership Agreement. These discussions aim to address regulatory hurdles and open new opportunities for enhanced business-to-business cooperation, further solidifying trade relations.
With bilateral trade valued at $27.47 billion for the fiscal year 2025-26, India and Japan are setting their sights on bolstering trade and investment connections. The long-term vision is to elevate this trade volume to $50 billion by the year 2030, illustrating a shared commitment to economic partnership and growth.