Piyush Goyal Highlights India's Manufacturing Potential to Japanese Firms Across Major Sectors

Union Commerce and Industry Minister Piyush Goyal held a series of meetings with top executives of major Japanese companies in Osaka, highlighting India’s expanding manufacturing capabilities and inviting greater investment across several strategic industries. During the fourth day of his Japan visit, Goyal met senior representatives from companies operating in semiconductors, electronics, aluminium, paints and coatings, and sports equipment. The meetings focused on expanding business partnerships and strengthening industrial cooperation between India and Japan.

Goyal met a delegation headed by Katsumi Azuma, President and CEO of ROHM Co. Ltd., to discuss opportunities in semiconductor and electronic component manufacturing. He highlighted the rapid growth of India’s electronics ecosystem and said it provides considerable room for Japanese companies to expand their investments and partnerships.

The minister also held discussions with Takaaki Yamamoto, Chairman of Daiki Aluminium, regarding the company’s operations in India and prospects for expanding cooperation in aluminium manufacturing and related sectors. The talks centred on India’s growing manufacturing capacity and increasing domestic demand.

In another meeting, Goyal spoke with Yuichiro Wakatsuki, Director, Representative Executive Officer and Co-President of Nippon Paint Holdings. The two sides explored ways to strengthen India-Japan collaboration in the paints and coatings sector. Goyal pointed to India’s expanding infrastructure and manufacturing activity as areas that could create additional investment opportunities for Japanese businesses.

The sports industry was another area of focus during the minister’s meetings. Goyal met Akito Mizuno, Representative Director and President of Mizuno Corporation, to discuss investment and partnerships in sports equipment, apparel and footwear. The discussions also covered innovation and ways to improve the international competitiveness of India’s sports manufacturing sector.

The meetings form part of India’s broader efforts to attract Japanese investment and integrate the country more deeply into global manufacturing and supply chains. India is increasingly positioning itself as an alternative and complementary manufacturing destination, supported by its large domestic market and expanding industrial ecosystem. The engagement also reflects the continued momentum in the India-Japan Special Strategic and Global Partnership, with both countries looking to strengthen commercial, investment and industrial ties.

According to government data, bilateral trade between India and Japan reached USD 27.47 billion in FY 2025-26. India imported goods worth USD 21.43 billion from Japan during the year, while Indian exports to Japan stood at USD 6.04 billion. The latest discussions indicate that India is seeking to build on these trade ties by encouraging Japanese companies to participate more actively in its expanding manufacturing and supply-chain ecosystem.

Disclaimer: This image is taken from ANI.