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Goyal tells Japan Inc: double your India presence this decade
Piyush Goyal told Japanese business leaders to double their India presence this decade, as he leads a 200-member delegation to strengthen trade ties.
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Union Commerce and Industry Minister Piyush Goyal wants Japanese companies to double their footprint in India by the end of this decade. He made the call at a roundtable with the Japan-India Business Consultative Committee in Tokyo on Monday.
"I believe that this decade should see that number double from the current levels," Goyal said, pointing to the large number of Japanese firms already operating in India.
The minister is in Japan for a four-day visit to deepen economic ties. He is leading a delegation of nearly 200 business representatives from sectors such as manufacturing, semiconductors, clean energy, steel, automobiles, financial services, healthcare and startups, according to the Ministry of Commerce. The itinerary covers Tokyo, Nagoya and Osaka.
Goyal tied the push to India's long-term growth targets. "We are looking at Japan being our partner in this journey as we progress from a $4 trillion economy today to a $30 trillion economy by 2047, when we celebrate 100 years of independence," he said. "It's an ambitious target. 1.4 billion Indians are committed to making this happen."