Commerce Minister Piyush Goyal To Visit Japan August 24-27 To Boost Trade, Investment Ties

<p>New Delhi: Commerce and Industry Minister Piyush Goyal on Tuesday said that he will undertake a four-day visit to Japan from August 24 to hold discussions on strengthening trade and investment ties between the two countries.</p> <p>Japan has set an investment target of 10 trillion yen (about Rs 60,000 crore) in India over a decade.</p> <p>Addressing a Japanese delegation here, the minister said this investment is already visible on the ground, in Mumbai-Ahmedabad High-Speed Rail, Japanese-assisted metro systems in Delhi, Ahmedabad, Bengaluru and Chennai, and in 11 Japanese industrial townships across eight states.</p> <p>Talking about Prime Minister Narendra Modi's vision of a developed India by 2047 through seven streams or 'Sapta Dhara' - manufacturing, agriculture, technology, infrastructure, energy and defence, green and blue economy, and India's civilisational soft power, he said these very pillars of transformation are where the strengths of India and Japan complement each other.</p> <p>"This is not only a growth story but our pledge to become a trusted partner in global progress," Goyal said.</p> <p>He added that India-Japan bilateral trade of USD 27.5 billion in 2025-26 is still a fraction of bilateral potential.</p> <p>Japan is today India's 5th-largest source of FDI, with over 1,400 Japanese companies that are household names, from Suzuki, Toyota and Honda in mobility, Sony in electronics, and Hitachi and Mitsubishi in engineering.</p> <p>"Next week, 24th-27th of August, I will have the privilege again of travelling to Japan myself, to carry these very conversations forward at the highest levels of government and industry; meeting old friends, engaging with new partners and strengthening the special strategic and global partnership of our two nations," he said.&nbsp;</p> <p><em><strong>(This report has been published as part of the auto-generated syndicate wire feed. Apart from the headline, no editing has been done in the copy by ABP Live.)</strong></em></p>

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