Piyush Goyal lands in Japan as India eyes ₹60,000 crore investment boost in 10 years: What's on the agenda?
Commerce Minister Piyush Goyal's visit assumes significance as Japan last year set an investment target of 10 trillion yen (about ₹60,000 cr) in India over a decade.
Union Commerce Minister Piyush Goyal has landed in Japan to lead a nearly 200-member business delegation to strengthen India-Japan trade and investment ties, according to a statement from the Embassy of India in Japan.
In a social media post, the embassy said the Minister arrived at Haneda Airport in Japan for his four-day visit. Ambassador Nagma Mallick welcomed Goyal at Haneda Airport this morning, the Embassy said.
“The Commerce Minister is visiting Japan from 24 to 27 August, leading a business delegation of approximately 200 members,” the post reads.
The visit assumes significance as Japan set an investment target of 10 trillion yen (about ₹60,000 cr) in India last year over a decade.
The minister will be travelling to Tokyo, Nagoya and Osaka.
India-Japan Special Strategic and Global Partnership
As per the Embassy, the visit underscores the strong ambition underpinning the India-Japan Special Strategic and Global Partnership and comes at a time when both countries are seeking to significantly deepen trade and investment ties.
As per the Ministry of Commerce, this will be India's largest-ever business delegation to the country. The four-day visit will cover Tokyo, Nagoya and Osaka, with representatives from key sectors including manufacturing, semiconductors, clean energy, steel, automobiles, financial services, healthcare and start-ups.
What is on the agenda?
In Tokyo, Goyal will hold a series of meetings with senior executives of leading Japanese industrial conglomerates, including a round-table with Keidanren, Japan's apex business federation representing more than 1,500 companies, news agency ANI said,
The Tokyo leg will also feature focused sessions on emerging sectors such as semiconductors, artificial intelligence and start-ups, along with discussions with foreign institutional investors. Goyal is also scheduled to hold bilateral talks with Japan's Minister of Economy, Trade and Industry, Akazawa Ryosei, as well as meet senior government and parliamentary leaders and engage with the Indian diaspora.
The delegation will then travel to Nagoya, a key industrial hub in central Japan, where Goyal will lead a business roadshow in partnership with the Central Japan Economic Federation (Chukeiren) and the Nagoya Chamber of Commerce and Industry. He will also meet Aichi Prefecture leaders and major investors in the automotive and steel sectors.
The visit will conclude in Osaka with an Investors and Business Roadshow, along with meetings with leading Japanese companies across the electronics, industrial and consumer sectors.
As per government data, Japan's bilateral trade with India totalled $27.47 billion during FY 2025-26. During this period, exports from Japan to India stood at $21.43 billion, and imports came to $6.04 billion.
India-Japan Investment Target
Last year in August, Japan set an investment target of 10 trillion yen (approx ₹60,000 cr) in India over a decade, and the two sides sealed a raft of big-ticket pacts, including a framework for defence ties and a 10-year roadmap to largely boost economic partnership.
The new measures to further expand India-Japan special strategic and global partnership were unveiled following summit talks between Prime Minister Narendra Modi and his Japanese counterpart, Shigeru Ishiba, in Tokyo.
(With agency inputs)
About the Author
Gulam Jeelani is Political Desk Editor at LiveMint with over 16 years of experience covering national and international politics. Based in New Delhi, Jeelani delivers impactful political narratives through breaking stories, in-depth interviews, and analytical pieces at LiveMint since February 2024. The expertise in video production fuels his current responsibilities, which include curating content and conducting video interviews for an expanding digital audience.<br><br> Jeelani also travels during elections and key political events and has covered assembly elections in key states apart from national elections. He has previously worked with The Pioneer, Network18, India Today, News9Plus and Hindustan Times.<br><br> Jeelani’s tenure at LiveMint and previous experience at print and digital newsrooms have honed his skills in creating compelling text and video stories, explainers, and analysis that resonate with a diverse viewership.<br><br> Before moving to New Delhi in 2015, Jeelani was based in Uttar Pradesh, where he worked for five years as a reporter. In 2018, Jeelani was one of the two Indian journalists selected for the Alfred Friendly Fellowship in the US. There, he attended training workshops on reporting and data journalism, and he was attached to the Minneapolis Star Tribune in Minnesota, where he worked as a reporter.<br><br> Jeelani is a Bachelor's in Chemistry and holds a Masters Degree in journalism and mass communication from Aligarh Muslim University. Outside work, he enjoys poetry, cricket and movies.
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