India-Japan business mission to focus on semiconductors, electronics; MoUs expected during visit: FICCI

Tokyo: India and Japan are set to step up cooperation in semiconductors and electronics, with MoU signings expected during the ongoing business mission, as the two countries seek to deepen bilateral business ties, FICCI Director General Jyoti Vij said on Sunday.

"High-technology areas such as semiconductors and electronics are key domains where both nations can build greater strength and expand mutual cooperation," Vij told ANI, adding that collaboration would also extend to traditional sectors.

Vij said the 200-plus member delegation has been specifically assembled to strengthen bilateral business relations and will hold at least as many B2B meetings, alongside extensive networking sessions and around 15 site visits.


"Yes, absolutely. By the time this mission concludes, you will definitely see MoU signings. Some MoUs have already been finalized, and more may emerge during and after the visit," she said.

The delegation, led by Union Commerce and Industry Minister Piyush Goyal, is visiting Japan from August 24 to 27 as part of India's largest-ever business delegation to the country. The four-day mission covers Tokyo, Nagoya and Osaka and includes companies and industry representatives from manufacturing, semiconductors, clean energy, steel, automotive, financial services, healthcare and start-ups.

Vij said the planned site visits to manufacturing plants, innovation centres and other facilities would provide businesses with direct exposure to Japanese technologies and innovations.

"These 15 visits will also unlock significant opportunities by providing direct insights into current innovations and technological advancements," she said.

Several Indian startups are also part of the delegation and are expected to use the visit to understand Japan's innovation ecosystem and identify potential areas for future partnerships.

"A wide range of opportunities will definitely emerge from this," Vij said.

On the minister's engagements, Vij said Goyal would meet several prominent CEOs and industry leaders over the next two days, with discussions focused on deepening engagement and understanding the priorities of Japanese businesses.

"The objective is to understand how engagement can be deepened further and to address their specific priorities and perspectives," she said.

The Ministry of Commerce and Industry has said the visit reflects the scale of ambition both nations bring to their Special Strategic and Global Partnership, coming at a time when India and Japan are looking to significantly deepen trade and investment ties.