By Shailesh Yadav
Tokyo [Japan], August 27 (ANI): Union Commerce and Industry Minister Piyush Goyal on Thursday concluded his four-day go to to Japan, saying the journey generated sturdy curiosity amongst Japanese companies and likewise produced early funding outcomes, together with a possible robotics manufacturing funding in India.
Speaking to ANI as his go to concluded, Goyal mentioned there was ‘excellent pleasure in Japan’ and highlighted the participation of greater than 200 folks from India and the worldwide trade within the go to.
‘I noticed excellent pleasure in Japan. I’ve had many good conferences. More than 200 folks from India, from the world of trade, got here with me. They even have many business-to-business connections,’ Goyal mentioned.
The Minister mentioned the go to was not restricted to discussions, with business-to-business engagements already starting to translate into funding alternatives.
He gave the instance of the robotics sector, saying that an organization he had spoken to in Tokyo on Monday had, by Thursday, recognized an Indian firm for funding and manufacturing robots in India.
‘I used to be speaking to an organization in robotics on Monday in Tokyo, and in the present day in Osaka, they’ve recognized an organization in India to spend money on and make robots in India,’ Goyal mentioned.
‘So, the outcomes are additionally coming together with it, and loads of potential has been seen,’ he added.
Goyal mentioned the broader prospects rising from India-Japan financial engagement have been vital.
‘The prospects are limitless. We have to offer form to the economic world of India,’ he mentioned.
The Minister had travelled to Japan from August 24 to August 27, main a virtually 200-member enterprise delegation as India sought to strengthen commerce and funding ties with Japan.
During the go to, Goyal held conferences with senior executives of Japanese corporations and trade representatives throughout sectors together with semiconductors, electronics, aluminium, paints and coatings and sports activities manufacturing.
India additionally sought to deepen Japanese funding in rising areas reminiscent of semiconductors, synthetic intelligence, knowledge centres, renewable power and superior manufacturing.
A key focus of the go to was rising the presence of Japanese corporations in India. Goyal mentioned round 1,500 Japanese corporations are presently working in India and Prime Minister Narendra Modi has set a goal of doubling this quantity to three,000.
‘The objective is to draw funding throughout varied sectors, reminiscent of monetary providers, insurance coverage, and pension funds, and to leverage Japanese know-how and funding on a big scale,’ Goyal had mentioned in the course of the go to.
The Minister additionally highlighted the significance of accelerating business-to-business cooperation between the 2 nations. Earlier, he had mentioned he believed the variety of Japanese corporations working in India ought to double throughout this decade.
Japan’s curiosity in India additionally extends to manufacturing for world markets. During the go to, Japanese corporations mentioned alternatives throughout manufacturing and different rising sectors, whereas Goyal pushed for higher funding and know-how partnerships.
The go to additionally noticed discussions across the evaluation of the India-Japan Comprehensive Economic Partnership Agreement (CEPA). Goyal mentioned the 2 nations had simply begun talks on the evaluation and that each side would handle their respective delicate points as negotiations progress.
‘Of course, at any time when there’s a evaluation, each nation takes care of its delicate points. In the identical approach, the talks with Japan have simply begun, and when the talks go forward, we are going to handle the delicate points on each side,’ he mentioned.
Goyal additionally mentioned India was prepared to handle regulatory issues raised by corporations trying to set up manufacturing operations within the nation. During the go to, he mentioned the federal government would amend current rules and introduce new guidelines over the subsequent two months to handle issues raised by corporations.
On the commerce entrance, India-Japan bilateral commerce stood at USD 27.47 billion in FY 2025-26, with exports from Japan to India at USD 21.43 billion and India’s imports to Japan at USD 6.04 billion. Industry our bodies and authorities officers have focused taking bilateral commerce to USD 50 billion by 2030.
The go to comes as India and Japan search to construct on their financial relationship, with 2026 designated because the ‘India-Japan Year of Shared Horizons’ to mark 75 years of diplomatic relations.
The Minister mentioned the sturdy response from Japanese companies and the early motion in areas reminiscent of robotics confirmed the potential for the connection to maneuver past conventional commerce in direction of funding, know-how and manufacturing partnerships. (ANI)