India and Japan Strengthen Economic Partnership with Joint Meeting
Union Minister of Commerce and Industry Piyush Goyal met with senior leaders of Japanese financial institutions in Tokyo to discuss strengthening long-term capital flows, deepening investment partnerships, and expanding Japanese participation in India's growth story.
The meeting brought together representatives from MUFG, Development Bank of Japan (DBJ), Mizuho, Morgan Stanley, Nomura, and Nippon Life. Goyal highlighted the strength and resilience of the Indian economy, noting that it recorded 7.7 per cent growth last year despite global uncertainties and is working towards becoming a USD 30 trillion economy by 2047.
The Minister emphasized significant opportunities for Japanese investors in semiconductors, artificial intelligence, data centers, renewable energy, green hydrogen, advanced manufacturing, and digital infrastructure. He noted that India's expanding renewable energy capacity and national power grid provide a strong foundation for the growth of energy-intensive digital industries.
The Japanese financial institutions shared their growing engagement with India and expressed strong confidence in the country's long-term growth prospects. MUFG highlighted its investment of around USD 4 billion in Shriram Finance, while DBJ outlined its dedicated India strategy and growing interest in property development, venture capital, and other long-term investment opportunities.