Prime Highlights-
- Japan has invested USD 48.14 billion in India between April 2000 and March 2026, making up 6 per cent of total FDI.
- Goyal leads a 200-member business delegation to Japan, which has targeted 10 trillion yen in India investments over a decade.
Key Facts-
- Piyush Goyal invites Japanese companies to invest, localise and set up innovation centres in India.
- Government pledges support for innovation funding and GCC expansion to boost India Japan trade ties.
Background-
Union Commerce and Industry Minister Piyush Goyal has invited Japanese companies to invest in India, expand localisation, and set up innovation centres, promising them a warm welcome and round the clock support.
Addressing representatives of Japanese firms, he said India’s economy is growing at a fast pace and free trade agreements are opening new doors for global partnerships. He urged businesses to use India’s skilled talent and tap into its large domestic market.
Goyal asked Japanese firms to deepen localisation, saying it boosts cost competitiveness in the Indian market. He suggested they set up more research and development units, innovation hubs, and global capability centres, along with engineering partnerships with Indian academic institutions.
The minister said the government will support innovation funding and noted that companies can now offshore pandemic era remote work through GCCs set up in India.
He said the time has come for new factories and fresh manufacturing capacity in India, calling it a base to serve both domestic and global markets under the Make in India push.
Japan is India’s fifth largest investor, and it has put in USD 48.14 billion in foreign direct investment between April 2000 and March 2026, making up 6 per cent of total inflows in that period.
Goyal is currently leading a 200-member business delegation to Japan to strengthen trade and investment ties. Japan had earlier set a target of 10 trillion yen, about Rs 60,000 crore, in Indian investments over a decade.