Goyal proposes India-Japan 'Shark Tank' style startup series to boost investments, business ties

Commerce and Industry Minister Piyush Goyal has suggested a new India-Japan startup pitching series, modeled after the popular "Shark Tank" format, to connect young entrepreneurs from both nations with investors and potential business partners. During a roundtable discussion on startups, Goyal proposed organizing virtual pitching sessions to enhance interaction between Indian and Japanese startups.

He explained that Indian startups could present their ideas to Japanese investors, while Japanese startups could seek business opportunities in India. Goyal emphasized that the initiative could strengthen commercial ties between the two countries by progressing from initial pitches to actual business collaborations. He invited Japanese businesses and startups to collaborate with India, highlighting the potential for broader prosperity through enhanced economic cooperation.

Goyal also proposed the establishment of a "deeptech capital corridor" between Japan and India, aiming to facilitate patient capital and precision engineering to help early-stage startups transform their ideas into successful ventures.