Piyush Goyal to undertake four-day visit to Japan for strengthening trade, investment ties
Commerce and Industry Minister Piyush Goyal has said that he would be visiting Japan from August 24 to August 27, 2026 to hold discussions on further strengthening trade and investment ties between the two countries. He said Japan has set a target of investing 10 trillion yen (about Rs 60,000 crore) in India over the next decade, with sectors such as artificial intelligence, semiconductors, critical minerals, batteries, energy and next-generation mobility expected to drive future investment.
The minister said the growing India-Japan partnership is already visible on the ground, citing the Mumbai-Ahmedabad High-Speed Rail project, Japanese-assisted metro systems in Delhi, Ahmedabad, Bengaluru and Chennai, and 11 Japanese industrial townships across eight States. He further said that the seven streams of national transformation outlined by Prime Minister Narendra Modi--manufacturing, agriculture, technology, infrastructure, energy and defence, green and blue economy, and India’s civilisational soft power--represent areas where the strengths of India and Japan complement each other. He said the partnership goes beyond economic growth and reflects a shared commitment to becoming trusted partners in global progress.
He added that India-Japan bilateral trade of $27.5 billion in 2025-26 is still a fraction of bilateral potential. Japan has emerged as India's fifth-largest source of foreign direct investment (FDI), with over 1,400 Japanese companies that currently operating in India, including Suzuki, Toyota and Honda in mobility, Sony in electronics, and Hitachi and Mitsubishi in engineering.
