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Commerce and Industry Minister Piyush Goyal has invited Japanese companies to increase investments in India, expand localisation and establish research, innovation and global capability centres. Speaking to Japanese businesses in Tokyo, Goyal highlighted India’s economic growth, large domestic market and expanding international trade ties through free trade agreements. He also said the government was willing to support innovation funding and encouraged companies to build engineering partnerships with Indian academic institutions. Japan is already India’s fifth-largest investor, with USD 48.14 billion in FDI received between April 2000 and March 2026, accounting for 6% of total FDI during the period.
Commerce and Industry Minister Piyush Goyal has called on Japanese companies to invest more in India, increase localisation and establish innovation and global capability centres as the country seeks to deepen economic ties with Japan.
Addressing representatives of Japanese firms in Tokyo, Goyal said India’s economy was growing at a faster pace and the country was expanding international engagement through free trade agreements. He invited Japanese companies to use India’s talent and skills and tap the country’s large domestic market.
Goyal also urged companies to increase localisation, saying it would improve their cost competitiveness in India. He encouraged Japanese businesses to establish more research and development and innovation centres, along with global capability centres, and develop engineering partnerships with Indian academic institutions.
The minister said the government was willing to support companies through innovation funding. He also pointed to the scope for Japanese firms to move activities to India through GCCs, including work that had been carried out remotely during the COVID-19 period.
Goyal further encouraged Japanese companies to establish new factories and expand production capacity in India to serve the domestic market as well as global markets.
Japan is currently the fifth-largest investor in India. Between April 2000 and March 2026, India received USD 48.14 billion in foreign direct investment from Japan, accounting for 6% of the country’s total FDI during the period.
Goyal is leading a 200-member Indian business delegation to Japan to discuss measures to strengthen trade and investment relations between the two countries. Japan had set an investment target of 10 trillion yen, equivalent to around INR 60,000 crore, in India over a decade.
Source PTI
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