Union Commerce and Industry Minister Piyush Goyal called for the number of Japanese companies operating in India to double this decade.
The push for deeper business-to-business cooperation is central to India's strategy to expand economic ties and attract foreign capital. This investment drive supports the national objective of transforming India into a $30 trillion economy by 2047 [2].
Speaking Monday in Tokyo, Goyal addressed a round-table meeting involving the Indian Embassy, the Japan India Business Council (JIBCC), and the Japanese Chamber of Commerce and Industry (JCCI) [1, 2]. The minister is leading a delegation of more than 200 Indian business representatives during a visit scheduled from Aug. 24 to Aug. 27 [4].
"The number of Japanese companies operating in India should double this decade from current levels," Goyal said [1].
He said the delegation is the largest ever sent to Japan by India. The group aims to identify new opportunities across the electronics, services, and manufacturing sectors [3].
"We invite Japanese businesses to deepen investments and partnerships in India," Goyal said [2].
The minister said the partnership between the two nations serves as a vital anchor for trade and investment [5]. By increasing the footprint of Japanese firms, India seeks to leverage technical expertise and industrial scale to accelerate its domestic growth.
Goyal said the delegation's primary goal is to explore diverse opportunities to strengthen the bilateral economic framework [3].
“The number of Japanese companies operating in India should double this decade from current levels.”
The drive to double Japanese corporate presence in India reflects a strategic pivot toward high-tech manufacturing and infrastructure. By targeting Japanese firms, India aims to integrate more deeply into global supply chains and reduce reliance on single-market imports, while Japan seeks to diversify its investment portfolio away from volatile regional markets.
