Piyush Goyal meets Japanese industry leaders to expand India investment across key sectors

Indian Commerce and Industry Minister Piyush Goyal is in Tokyo, leading a delegation of nearly 200 business representatives, to bolster economic ties and attract Japanese investment. On Monday, Goyal engaged with senior executives from prominent Japanese firms, including Sumitomo Corporation, Meiji Seika Pharma, and Mitsubishi Corporation.

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We discussed opportunities to deepen the company's engagement with India across energy transformation, mobility and industrial infrastructure. India's investment-led growth and expanding manufacturing ecosystem offer immense opportunities for greater collaboration, further strengthening the India-Japan economic partnership.

The discussions centered on expanding investment and manufacturing collaborations within India, targeting key sectors such as energy transformation, mobility, pharmaceuticals, and infrastructure. Goyal highlighted India's investment-driven growth and its growing manufacturing ecosystem as offering significant opportunities for deeper partnership between the two nations.

During his meetings, Goyal specifically discussed with Sumitomo Corporation's CEO opportunities in energy transformation and industrial infrastructure. With Meiji Seika Pharma, the focus was on strengthening cooperation in the pharmaceutical sector and expanding the company's manufacturing and research and development footprint in India. Talks with Mitsubishi Corporation explored building on their long-standing presence in India across mobility, energy, and infrastructure.

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Met with Mr. Toshiaki Nagasato, President & Representative Director of Meiji Seika Pharma Co., Ltd. Discussed opportunities to strengthen India-Japan cooperation in the pharmaceutical sector and avenues to expand the company's manufacturing & R&D footprint in India. India's pharmaceutical ecosystem offers significant opportunities for our Japanese partners to scale & achieve long-term growth.

Goyal's four-day visit, which also includes stops in Nagoya and Osaka, aims to conclude with an Investors and Business Roadshow. This initiative seeks to connect with leading Japanese companies in electronics, industrial, and consumer sectors, further solidifying the India-Japan economic partnership. Japan's bilateral trade with India reached $27.47 billion in fiscal year 2025-26.

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Met Mr. Juro Baba, Representative Director, Mitsubishi Corporation. We discussed opportunities to build on Mitsubishi Corporation's long-standing presence in India, spanning over nine decades, and to expand collaboration across mobility, energy, and infrastructure. India remains committed to enabling partnerships that support industrial growth and resilient supply chains.