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3 clusters · 21 sources · 3 days · First seen · Last updated

India-Japan economic and trade cooperation

Overview

Indian Commerce and Industry Minister Piyush Goyal led a 200-member business delegation to Japan—India’s largest-ever delegation to the country—to strengthen the Special Strategic and Global Partnership. Traveling through Tokyo, Nagoya, and Osaka, the delegation engaged with major conglomerates and industry federations to focus on sectors including semiconductors, artificial intelligence, clean energy, automotive manufacturing, and healthcare.

During the visit, Goyal held bilateral talks with Japanese Minister of Economy, Trade and Industry Akazawa Ryosei and participated in roundtables with Keidanren. He also met with leaders from Mitsubishi Corporation and Meiji Seika Pharma Co. Ltd. to explore manufacturing and R&D opportunities. Discussions with financial institutions, such as Mitsubishi UFJ Financial Group (MUFG) and Mizuho, focused on strengthening long-term capital flows.

To encourage investment, Goyal assured Japanese firms of India’s regulatory stability and the protection of intellectual property. He specifically addressed concerns regarding entrepreneurship, noting that in India, investors do not need to fear they will “suddenly disappear after becoming successful, only to reappear later as professors at a Japanese university.” This remark was widely interpreted as a reference to the regulatory scrutiny faced by Alibaba founder Jack Ma in China.

Significant developments included a partnership in the healthcare sector, where Japanese pharmaceutical company Mizui Sika Pharma plans to provide technology to the Serum Institute of India to manufacture a fever vaccine locally. Overall, Japan aims to invest 10 trillion yen in India over the next ten years, targeting critical minerals, AI, and various manufacturing sectors. Goyal also emphasized India’s strategy to expand its free trade agreements to eventually cover 75 percent of global trade.

Entities

Piyush Goyal · Japan · India · Japan Chamber of Commerce and Industry · Meiji Seika Pharma Co. Ltd.

Timeline

  1. 17 days ago

    [BUSINESS] 2 sources
    Piyush Goyal assures Japanese investors of regulatory stability in India

    Indian Commerce Minister Piyush Goyal assured Japanese investors of regulatory security, using Jack Ma as a cautionary example of business instability in other regions to promote investment in India.

  2. 19 days ago

    [BUSINESS] 2 sources
    Piyush Goyal urges Japanese firms to expand operations in India

    Minister Piyush Goyal has urged Japanese firms to expand in India, aiming for 1,580 'Suzuki-like' successes. Additionally, a new Japanese fever vaccine is set to be produced in India via Serum Institute.

  3. 20 days ago

    [BUSINESS] 18 sources
    Piyush Goyal leads 200-member business delegation to Japan

    Commerce Minister Piyush Goyal is leading a record 200-member Indian business delegation to Japan to strengthen trade and investment in sectors like semiconductors, clean energy, and pharmaceuticals.

Sources

aajtak.com · bhaskarhindi.com · businessnewsthisweek.com · deccanchronicle.com · desitalkchicago.com · dtnext.in · eletimes.com · hindi.news18.com · hindimilap.com · indiashippingnews.com · latestly.com · navabharat.com · news18.com · newsable.asianetnews.com · newstodaynet.com · orissapost.com · socialnews.xyz · thecsrjournal.in · theindianawaaz.com · timesnownews.com · up18news.com

This summary has been updated 2 times: see revision history