Commerce Minister Piyush Goyal leads 200-member business delegation to Japan, to push trade, investment

Commerce Minister Piyush Goyal spearheads a delegation of 200 business leaders traveling to Japan for four days, beginning on August 24. The aim of the visit is to bolster bilateral trade and investment ties and explore new avenues for cooperation in high-tech manufacturing and next-generation industries. Throughout the trip, the delegation will consist of representatives from various sectors such as manufacturing, semiconductors, clean energy, steel, automotive, finance, healthcare, and startups.

Japan has set an ambitious goal of investing 10 trillion yen (approximately Rs 60,000 crore) in India over a decade, currently ranking as India's fifth-largest source of foreign direct investment (FDI) with over 1,400 Japanese companies. During his visit to Tokyo, Goyal will engage with top leadership from major Japanese conglomerates and industrial houses, participate in round-table discussions with Keidanren, and hold bilateral talks with his Japanese counterpart, Economy, Trade, and Industry Minister Akazawa Ryosei.

He will also visit Nagoya, the industrial hub of Central Japan, where he will lead a roadshow in collaboration with Chukeiren and Nagoya Chamber of Commerce and Industry, and interact with leaders from the Aichi Prefecture and major manufacturing investors in automotive and steel sectors.

The delegation will culminate in Osaka with an investors and business roadshow, as well as meetings with leading Japanese companies in electronics, industrial, and consumer sectors. The discussions will focus on opportunities for Japanese companies in India and strategies to facilitate increased two-way investment. Engagements with organizations and companies specializing in digital innovation, industrial transformation, advanced manufacturing, AI, semiconductors, and electronics will also be explored.

Additionally, the delegation will emphasize India's expanding potential in manufacturing, technology, electronics, automotive, start-ups, and other high-growth sectors to encourage Japanese companies to expand their presence and investments in India.