New Delhi [India], July 2 (ANI): The India-Japan relationship has each commerce and funding dimensions, stated Union Minister of Commerce and Industry Piyush Goyal. He talked about that this complete strategic partnership continues to increase throughout important infrastructure, commerce baskets, and high-technology sectors like semiconductors.
Speaking on the Indo-Japan Strategic Dialogue hosted by NDTV on Thursday, Goyal highlighted that the bilateral engagement witnessed a major enhance following a reset right into a complete strategic partnership. This momentum gained additional traction after the fifteenth Japan-India Summit, the place Japan dedicated to investing 100 trillion yen, equal to roughly USD 65-70 billion, throughout varied Indian sectors, infrastructure, and business.
Japan’s bilateral commerce with India totaled USD 27.47 billion throughout FY 2025-26. Exports from Japan to India throughout this era had been USD 21.43 billion, and imports had been USD 6.04 billion.
Today, India ranks 14th in Japan’s whole commerce with a 1.75 per cent share, whereas Japan ranks tenth in India’s whole commerce with a 2.26 per cent share.
India ranks eighth in Japan’s whole exports with a 2.61 per cent share, and Japan ranks twenty first in India’s whole exports with a 1.37 per cent share. India ranks twenty second in Japan’s whole imports with a 0.98 per cent share, and Japan ranks tenth in India’s whole imports with a 2.76 per cent share.
Addressing the commerce dynamic, Goyal defined that the partnership depends on complementary strengths. India imports technology-driven merchandise from Japan, whereas exporting high-quality, precision-engineered supplies, auto parts, and digital parts.
‘What we promote to Japan are additionally value-added merchandise. We will not be promoting uncooked supplies or intermediates,’ Goyal said.
India’s main exports to Japan are Organic Chemicals, Vehicles (Other than railways & trams), Nuclear Reactor, Aluminium and Articles thereof, Fish & different aquatic invertebrates.
India’s main imports from Japan are nuclear reactors, copper and articles thereof, electrical equipment and gear, inorganic chemical compounds and iron and metal.
The partnership additionally extends to regional growth, notably by India’s Act East coverage. Goyal described the Northeast area as a pure gateway for commerce with the ASEAN area as a result of its geographical proximity and gifted workforce.
He famous that joint efforts by India and Japan to advertise business and infrastructure within the Northeast align with the federal government’s dedication to equitable growth throughout all areas.
Furthermore, Goyal mentioned the success of India’s semiconductor mission, which now contains nearly 12 main initiatives. He famous that international firms acknowledge Indian expertise, on condition that Indians comprise practically 20 per cent of design engineers within the semiconductor subject.
According to the Minister, Japan is among the many pleasant nations eager to see India combine into the worldwide semiconductor provide chain, supported by an present USD 100 billion home semiconductor market.
The Minister famous that Japan’s historic financial engagement with India targeted largely round investments. He cited the transformative impression of Maruti Suzuki, which entered the Indian market practically 40 years in the past and launched fashionable, inexpensive, technology-driven cars, finally positioning India to grow to be a world energy within the automotive sector.
‘Just studying the figures for final month, Maruti Suzuki has 147,000 automobile share out of 400,000 passenger autos offered in India within the month of May,’ Goyal added, emphasizing the corporate’s substantial function in particular business segments.
The dialogue additionally touched upon human capital and the companies sector, significantly Japan’s requirement for extremely expert caregivers. Goyal emphasised the need of language and cultural coaching to safe these high-paying alternatives. He shared that his personal talent growth heart in Mumbai runs courses on Japanese language and tradition to assist college students safe employment in Japan.
‘Japan-India relation has been a relationship of belief, a really complete relationship the place we’ve through the years, ever for the reason that time of Prime Minister Shinzo Abe-san, Prime Minister Modi has been constructing and nurturing this relationship,’ Goyal stated. (ANI)