New Delhi [India], August 19 (ANI): Union Minister for Commerce and Industry Piyush Goyal highlighted the rising depth and strategic significance of the India-Japan partnership and invited Japanese companies to deepen their investments and partnerships in India.
According to an official launch from the Ministry of Commerce and Industry, Goyal was addressing a dinner hosted by the Government of Uttar Pradesh for a Japanese delegation, within the presence of Uttar Pradesh Chief Minister Yogi Adityanath in New Delhi on Tuesday.
Addressing the gathering, Goyal mentioned that India and Japan share an in depth and enduring partnership rooted in frequent aspirations for peace, progress and prosperity within the Indo-Pacific. He famous that the presence of the delegation from Yamanashi Prefecture displays the rising attain of the bilateral partnership into India’s States and areas.
The Union Minister mentioned that the seven streams of nationwide transformation outlined by Prime Minister Narendra Modi–manufacturing, agriculture, expertise, infrastructure, vitality and defence, inexperienced and blue financial system, and India’s civilisational mushy power–represent areas the place the strengths of India and Japan complement one another.
He mentioned the partnership goes past financial progress and displays a shared dedication to turning into trusted companions in international progress.
Highlighting Uttar Pradesh’s rising financial potential, Goyal mentioned the State, below the management of Chief Minister Yogi Adityanath, is working in the direction of its ambition of turning into a USD 1 trillion financial system.
According to a launch, he mentioned Uttar Pradesh’s massive and aspirational inhabitants, bettering connectivity, industrial momentum and expert workforce present a powerful platform for Japanese expertise and experience to enrich India’s younger workforce and increasing market.
Referring to the sixteenth India-Japan Annual Summit held in Delhi in July 2026, Goyal highlighted the strategic ambition underpinning the connection, together with Japan’s goal of investing 10 trillion yen in India over the subsequent decade.
He mentioned investments in areas reminiscent of synthetic intelligence, semiconductors, crucial minerals, batteries, vitality and next-generation mobility would play an necessary function in shaping the way forward for each economies.
Goyal mentioned the rising India-Japan partnership is already seen on the bottom, citing the Mumbai-Ahmedabad High-Speed Rail undertaking, Japanese-assisted metro methods in Delhi, Ahmedabad, Bengaluru and Chennai, and 11 Japanese industrial townships throughout eight States, a launch additional mentioned.
He famous that greater than 1,400 Japanese corporations are right this moment working in India, with family names reminiscent of Suzuki, Toyota and Honda in mobility, Sony in electronics, and Hitachi and Mitsubishi in engineering. He mentioned bilateral commerce stood at round USD 27.5 billion in FY 2025-26, whereas Japan is now India’s fifth-largest supply of FDI, reflecting the sturdy basis for additional enlargement of financial ties.
Drawing on the Japanese philosophy of ‘Kaizen’, Goyal mentioned India’s reform journey displays an analogous spirit of steady enchancment. He highlighted reforms in ease of doing enterprise, infrastructure, digital public infrastructure, multimodal logistics and increasing Japanese language capabilities as a part of India’s efforts to create a extra enabling surroundings for funding and progress.
Goyal mentioned Uttar Pradesh, India’s third-largest State financial system, has greater than 9 million MSMEs and is the fifth-largest State exporter. He famous that enterprises reminiscent of Escorts Kubota and Seiko Advance are already contributing to the State’s manufacturing ecosystem, a launch mentioned.
He additional highlighted the Jewar International Airport, Yamuna Expressway and the JICA-supported Western Dedicated Freight Corridor, together with 27 industrial clusters and ecosystems in sectors together with defence, semiconductors and electronics, as key strengths that place Uttar Pradesh as a promising vacation spot for deeper Japanese partnerships.
The Union Minister mentioned he can be visiting Japan from 24 to 27 August 2026 to take ahead these conversations on the highest ranges of presidency and business and additional strengthen the Special Strategic and Global Partnership between India and Japan.
Emphasising the civilisational ties between the 2 international locations, Goyal recalled the historic connection between India and Japan by means of the teachings of Buddha. He invited Japanese companies to make India, and Uttar Pradesh specifically, a centre of their progress and a hub for Japanese innovation serving the Indo-Pacific and the world, a launch added. (ANI)