Tokyo [Japan], August 24 (ANI): Commerce and Industry Minister Piyush Goyal on Monday held talks with senior executives of main Japanese firms, together with Sumitomo Corporation, Meiji Seika Pharma and Mitsubishi Corporation, to develop funding and manufacturing partnerships in India throughout vitality, mobility, prescription drugs and infrastructure.
Goyal started his four-day go to to Japan on Monday, main a virtually 200-member enterprise delegation geared toward strengthening financial ties between the 2 nations.
Taking to his official X account, Goyal mentioned he started his Tokyo engagements with a gathering with Shingo Ueno, President and CEO of Sumitomo Corporation, the place they mentioned alternatives to develop the corporate’s engagement with India in vitality transformation, mobility and industrial infrastructure.
‘We mentioned alternatives to deepen the corporate’s engagement with India throughout vitality transformation, mobility and industrial infrastructure. India’s investment-led development and increasing manufacturing ecosystem supply immense alternatives for better collaboration, additional strengthening the India-Japan financial partnership,’ the publish reads.
Goyal additionally met Toshiaki Nagasato, President and Representative Director of Meiji Seika Pharma Co. Ltd., to debate strengthening cooperation in prescription drugs business.
‘Met with Mr. Toshiaki Nagasato, President & Representative Director of Meiji Seika Pharma Co., Ltd. Discussed alternatives to strengthen India-Japan cooperation within the pharmaceutical sector and avenues to develop the corporate’s manufacturing & R&D footprint in India. India’s pharmaceutical ecosystem gives important alternatives for our Japanese companions to scale & obtain long-term development,’ he mentioned.
He additionally held talks with Juro Baba, Representative Director of Mitsubishi Corporation, on increasing the corporate’s presence in India throughout mobility, vitality and infrastructure.
‘Met Mr. Juro Baba, Representative Director, Mitsubishi Corporation. We mentioned alternatives to construct on Mitsubishi Corporation’s long-standing presence in India, spanning over 9 a long time, and to develop collaboration throughout mobility, vitality, and infrastructure. India stays dedicated to enabling partnerships that assist industrial development and resilient provide chains,’ the publish mentioned.
As per Ministry of Commerce, Goyal’s four-day go to will cowl Tokyo, Nagoya and Osaka, with representatives from a number of sectors together with manufacturing, semiconductors, clear vitality, metal, cars, monetary providers, healthcare and start-ups.
The go to will conclude in Osaka with an Investors and Business Roadshow, together with conferences with main Japanese firms throughout the electronics, industrial and shopper sectors.
As per authorities knowledge, Japan’s bilateral commerce with India stood at USD 27.47 billion throughout FY 2025-26. During this era, exports from Japan to India stood at USD 21.43 billion, and imports got here at USD 6.04 billion. (ANI)