New Delhi, India: Commerce and Industry Minister Piyush Goyal held talks with senior executives of major Japanese financial institutions in Tokyo, seeking stronger institutional investment in India and deeper economic ties between the two countries.
Representatives from MUFG, Development Bank of Japan (DBJ), Mizuho, Morgan Stanley, Nomura and Nippon Life participated in the discussions, which covered India’s economic outlook, investment opportunities and measures to facilitate Japanese capital flows into the country.
Goyal highlighted India’s 7.7% economic growth recorded last year despite global uncertainties and reiterated the country’s ambition to become a USD 30 trillion economy by 2047. He pointed to the banking sector’s capital strength, low levels of non-performing assets, an expanding middle class and rising disposable incomes as factors supporting long-term growth.
The minister identified semiconductors, artificial intelligence, data centres, renewable energy, green hydrogen, advanced manufacturing and digital infrastructure as areas offering opportunities for Japanese investors. He also pointed to India’s expanding renewable energy capacity and national power grid, along with the India Semiconductor Mission, as drivers for investment.
Japanese institutions said they remained confident about India’s long-term prospects. MUFG cited its approximately USD 4 billion investment in Shriram Finance, while DBJ highlighted opportunities in property development and venture capital. Mizuho discussed the expansion of its Indian operations, including its Global Capability Centre in Pune.
Morgan Stanley said India is among its most important global locations, with more than 19,000 employees, while Nomura highlighted its work connecting Japanese companies with Indian opportunities. Nippon Life stressed the importance of long-term investment in India.
The discussions also addressed simplifying profit repatriation, improving access to Indian capital markets and increasing regulatory predictability. GIFT City was discussed as a potential gateway for cross-border investment between India and Japan.
The talks come against the backdrop of an India-Japan objective to mobilise 10 trillion yen in Japanese private investment into India over the next decade. Goyal said India is seeking partnerships that bring capital alongside technology, innovation, manufacturing capabilities, employment and integration with global value chains.
Source: This article is based on an official press release issued by the Press Information Bureau, Ministry of Commerce & Industry, Government of India
Press Release: Press Information Bureau
