Goyal Secures Japanese Investment Pledge Amid Push for Semiconductor Hub
Commerce and Industry Minister Piyush Goyal returned from his official visit to Japan, which aimed at accelerating Japanese investment in India, strengthening industrial partnerships, and expanding bilateral economic cooperation. The visit reaffirmed the strong momentum in Special Strategic and Global Partnership between the two countries.
Goyal met with senior Japanese government leaders, financial institutions, and business executives during his visit. He discussed opportunities to deepen capital flows into India and support the country's expanding infrastructure, manufacturing, technology, and financial ecosystem.
The Minister also highlighted India's ambition to build a globally competitive semiconductor ecosystem, with semiconductor demand projected to reach $150 billion by 2032. He outlined the Government's six-pillar strategy covering chip design, semiconductor machinery and materials, fabrication, ATMP/OSAT, research and development, and talent development.
Goyal engaged with leading Japanese financial institutions, including MUFG, Mizuho, Nomura, Nippon Life, Development Bank of Japan, and Morgan Stanley MUFG Securities. The discussions focused on mobilizing long-term Japanese institutional capital for India.