New Delhi: Japan is set to make a major investment push in India, with a commitment of around ₹7 lakh crore over the coming years, Commerce and Industry Minister Piyush Goyal said during his ongoing visit to Japan.
Goyal said Japan had committed 10 trillion yen, equivalent to roughly ₹7 lakh crore, for investments in India. He added that around ₹1 lakh crore of the committed amount has already been realised within the first ten months, describing the progress as encouraging.
According to the minister, the remaining investment is expected to flow into India over the next three to four years. The development comes as India and Japan look to deepen economic cooperation and expand Japanese participation in India's manufacturing and technology sectors.
Goyal said the two countries are closely aligned on using Japanese technology and investment to strengthen India as a global manufacturing base. Discussions during his visit have covered several strategic sectors, including semiconductors, shipbuilding, pharmaceuticals and textiles.
The semiconductor sector has emerged as an important area of cooperation. Talks have included chemicals, equipment, raw materials, chip design, manufacturing and packaging, indicating a focus on building a broader semiconductor ecosystem in India.
Goyal also highlighted opportunities in shipbuilding, ship repair and ship-breaking. Cooperation in pharmaceuticals and other manufacturing industries was also discussed as India seeks to attract more global investment and strengthen domestic production.
The minister's visit has also focused on India's startup ecosystem. At a startup roundtable in Tokyo, he invited Japanese investors to co-invest in Indian startups and proposed an India-Japan deep-tech capital corridor. He also suggested a startup pitching series modelled on the popular “Shark Tank” format to connect businesses and investors from both countries.
Trade relations are another major focus. India and Japan are working towards updating their Comprehensive Economic Partnership Agreement (CEPA), which has been in force since 2011. The aim is to address existing trade barriers and make the agreement more relevant to current economic conditions. Bilateral trade reached $27.47 billion in 2025-26, although India continues to face a significant trade deficit with Japan.
The latest investment commitment signals growing economic ties between the two Asian economies, with both sides seeking greater cooperation in technology, manufacturing, trade and innovation.
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