Piyush Goyal unveils Japan's $75 billion investment plan for India
Japan is rolling out a massive $75 billion investment plan for India over a 10-year period (2025-2035), and things are already moving.
Announced by Commerce Minister Piyush Goyal at a major roadshow in Nagoya, this initiative, first pitched by Prime Minister Modi and former Japanese defense minister Shigeru Ishiba, aims to boost both countries' economies.
Goyal urges Japanese investment in India
Japanese companies, especially smaller ones, are eager to get started and have already made some big moves.
Goyal encouraged them to explore opportunities in India's industrial corridors and Japanese industrial townships, with sectors like semiconductors, green energy, and advanced manufacturing getting special attention.
He also pointed to Toyota's success as proof that these partnerships can really work.
Next up: A planned visit of seven businesses from Nagoya to Bengaluru next month to keep the momentum going.