Tokyo [Japan], August 24 (ANI): The variety of Japanese corporations working in India ought to double this decade from present ranges, stated Union Commerce and Industry Minister Piyush Goyal, as he known as for a deeper business-to-business cooperation between the 2 international locations.
Addressing a roundtable assembly with the Japan-India Business Consultative Committee (JIBCC) of the Japan Chamber of Commerce and Industry (JCCI) and the Embassy of India on Monday, Goyal stated India and Japan have important scope to broaden their financial partnership.
Noting that India already hosts numerous Japanese corporations, Goyal stated, ‘I imagine that this decade ought to see that quantity double from the present ranges.’
Goyal, who arrived in Japan for a four-day go to to strengthen bilateral financial ties, additionally highlighted that the 2 international locations’ leaders have designated 2026 because the ‘India-Japan Year of Shared Horizons’ to mark 75 years of diplomatic relations.
Stressing India believes within the precept of steady enchancment, Goyal stated, ‘We are taking a look at Japan being our accomplice on this journey as we progress from a USD 4 trillion economic system immediately to a USD 30 trillion economic system by 2047, after we rejoice 100 years of independence. It’s an bold goal, however 1.4 billion Indians are dedicated to creating this occur.’
He added that there was ‘no higher second’ to debate the way forward for the India-Japan partnership and discover methods to deepen collaboration between companies over the subsequent decade.
The minister is main an almost 200-business delegation to bolster financial ties between the 2 nations. The go to will cowl Tokyo, Nagoya and Osaka, with representatives from key sectors together with manufacturing, semiconductors, clear power, metal, vehicles, monetary providers, healthcare and start-ups, as per Ministry of Commerce.
The go to will conclude in Osaka with an Investors and Business Roadshow, together with conferences with main Japanese corporations throughout the electronics, industrial and client 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)