Goyal Seeks More Japanese Success Stories as India Steps Up Investment Push
New Delhi, Aug 24: Commerce and Industry Minister Piyush Goyal has urged Japanese companies to expand their operations in India and build globally competitive businesses from the country.
Speaking during his ongoing visit to Japan, Goyal highlighted India’s growing manufacturing capabilities and encouraged Japanese investors to look beyond individual projects and develop businesses that can scale globally from India.
Pic Credit: Pexel
Using Suzuki’s success in India as an example, Goyal called on Japanese companies to create many more such success stories across different sectors. His reference to creating “1,580 Suzukis” underlined the government’s ambition to see a much larger number of Japanese-led businesses grow in India.
The minister emphasised the potential for stronger cooperation in manufacturing, technology, infrastructure, mobility, energy, pharmaceuticals and other high-value sectors.
India is seeking to attract greater Japanese investment as part of its broader effort to strengthen domestic manufacturing, create employment and build resilient supply chains. Japanese companies, in turn, can benefit from India’s large domestic market, skilled workforce and expanding industrial ecosystem.
Goyal’s outreach comes during a four-day Japan visit, where he is leading a large Indian business delegation and meeting government officials, industry leaders and Japanese companies.
The discussions are aimed at encouraging fresh investment, technology partnerships and closer links between businesses in the two countries.
The government’s message to Japanese investors is centred on expanding the scale of their presence in India and using the country not only as a market but also as a manufacturing and export base.
Stronger Japanese participation could bring additional investment and technology into India while helping companies expand their global supply chains from the country.
The engagement reflects the growing focus on turning the India-Japan economic relationship into a broader platform for manufacturing, innovation, investment and long-term business growth.