The Minister concluded his official visit to Japan on Wednesday, following a series of high-level engagements in Tokyo, Nagoya and Osaka aimed at accelerating Japanese investment in India, strengthening industrial partnerships and expanding bilateral economic cooperation across emerging and strategic sectors.
Japanese companies participating in the semiconductor and AI discussions expressed interest in expanding their presence in India across semiconductor materials and equipment, power semiconductors, electronics, artificial intelligence, logistics and related advanced technologies, an official statement said.
Discussions also covered supporting infrastructure, including reliable power, ultra-pure water, skilled manpower and social infrastructure in emerging semiconductor clusters such as Dholera and Sanand, it added.
In his interactions, Goyal noted that the Indian economy recorded 7.7 per cent growth despite global headwinds and is progressing towards the ambition of becoming a USD 30 trillion economy by 2047.
He underlined that India’s large and increasingly aspirational middle class, expanding digital economy, robust banking sector, renewable energy capacity and improving business environment are creating significant opportunities for long-term investors.
The visit also advanced efforts towards the target of JPY 10 trillion in Japanese private investment in India over the next decade, agreed upon during Prime Minister Narendra Modi’s visit to Japan in 2025.
The visit strengthened the foundation for greater Japanese participation in India’s transformation into a globally competitive manufacturing, technology and investment hub, while opening new avenues for mutually beneficial growth and innovation.
