Commerce and Industry Minister Piyush Goyal has highlighted the growing depth and strategic importance of the India-Japan partnership and invited Japanese businesses to deepen their investments and partnerships in India.
Addressing a Japanese delegation in New Delhi, Mr Goyal said that India and Japan share a close and enduring partnership rooted in common aspirations for peace, progress and prosperity in the Indo-Pacific. He noted that the presence of the delegation from Yamanashi Prefecture reflects the growing reach of the bilateral partnership into India’s States and regions.
Mr Goyal said that India-Japan bilateral trade has reached 27.5 billion dollars in Financial Year 2025-26, while Japan is now India’s fifth-largest source of Foreign Direct Investment.
The Minister noted that 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.
File Image
