Piyush Goyal heads for Japan with business delegation to boost trade, investments

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Commerce and Industry Minister Piyush Goyal is leading a 200-member business delegation to Japan on a four-day visit starting August 24 to boost trade and investment ties between the two countries.

The visit assumes significance since Japan set an investment target last year of 10 trillion yen in (about ₹60,000 crore) India over a decade.

The business delegation has representatives from various sectors, ranging from manufacturing, semiconductors, clean energy, steel, automotive, financial services, healthcare to start-ups, industry chamber Ficci Director General Jyoti Vij told reporters in Tokyo.

In Tokyo, Mr. Goyal will hold a series of meetings with the top leadership of major Japanese conglomerates and industrial houses that have long been partners in India's growth, alongside a round-table with the Keidanren (Japan Business Federation), representing over 1,500 leading Japanese companies.

Dedicated sessions are planned on semiconductors, artificial intelligence, start-ups, and engagement with foreign institutional investors, reflecting India's growing pull as an investment and innovation destination.

The Minister will also hold bilateral talks with his counterpart, Akazawa Ryosei, Minister of Economy, Trade and Industry, and call on senior members of the Japanese Government and Parliament, besides interacting with the Indian community in Japan.

Similarly in Nagoya, the industrial heartland of Central Japan, the Minister will lead a roadshow with Chukeiren (Central Japan Economic Federation), and the Nagoya Chamber of Commerce and Industry, and engage with the Aichi Prefecture leadership and major manufacturing investors in the automotive and steel sectors.

The visit will conclude in Osaka with an investors and business roadshow, along with meetings with leading Japanese companies across electronics, industrial, and consumer sectors, aimed at showcasing opportunities across India's manufacturing, clean energy and consumer markets.

The visit is expected to give fresh momentum to bilateral trade and investment ties, and open new avenues of cooperation in high-technology manufacturing and next-generation industries, the Commerce Ministry said in a statement.

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