Commerce minister Piyush Goyal invites Japanese companies to deepen investments in India

New Delhi: Commerce and industry minister Piyush Goyal Tuesday invited Japanese businesses to deepen investments and partnerships in India and said that he will undertake a four-day visit to Japan from August 24 to hold discussions on strengthening trade and investment ties between the two countries.

Manufacturing, agriculture, technology, infrastructure, energy and defence, green and blue economy, and India’s civilisational soft power—represent areas where the strengths of India and Japan complement each other, the commerce and industry ministry said in a statement.

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Japan has set an investment target of 10 trillion yen (about Rs 60,000 crore) in India over a decade.

Addressing a Japanese delegation here, the minister said this investment is already visible on the ground, in Mumbai-Ahmedabad High-Speed Rail, Japanese-assisted metro systems in Delhi, Ahmedabad, Bengaluru and Chennai, and in 11 Japanese industrial townships across eight states.

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“Held a meeting with Mr. @SundeepSikka, MD & CEO of Nippon Life India Asset Management Ltd. Discussed opportunities to scale up & deepen retail investment, strengthen the asset management ecosystem, and explore avenues for attracting greater global capital into Indian markets,” Goyal said in a social media post.

He added that India-Japan bilateral trade of $27.5 billion in 2025-26 is still a fraction of bilateral potential.

Japan is today India’s fifth-largest source of foreign direct investment (FDI), with over 1,400 Japanese companies that are household names, from Suzuki, Toyota and Honda in mobility, Sony in electronics, and Hitachi and Mitsubishi in engineering.