Union Commerce and Industry Minister Piyush Goyal will visit Japan from 24 to 27 August, with trade, investments and greater industrial cooperation expected to be at the centre of discussions between the two countries.
Goyal announced the four-day visit while addressing a dinner hosted by the Uttar Pradesh government for a Japanese delegation in New Delhi on Tuesday (18 August).
He said the visit would take forward discussions with the Japanese government and industry and further strengthen the Special Strategic and Global Partnership between India and Japan.
The visit by Japanese delegation comes weeks after the 16th India-Japan Annual Summit in New Delhi, where the two countries reviewed their economic partnership and agreed to step up efforts to expand investment and bilateral trade.
A major focus of Goyal’s visit is likely to be the target of attracting 10 trillion yen (around Rs 6 lakh crore) in private investment from Japan into India over a decade.
The target was set by the two countries at the India-Japan summit in August 2025, as part of efforts to substantially expand Japanese investment in the Indian economy.
There has already been movement towards that target.
During the July 2026 summit, the Japanese government said investment commitments totalling 2 trillion yen (around Rs 1.2 lakh crore) had already been made since the 10-trillion-yen target was established.
More than 150 Japanese companies participated in Japanese Prime Minister Sanae Takaichi’s visit to India, while around 120 cooperation documents were announced.
Goyal has identified artificial intelligence, semiconductors, critical minerals, batteries, energy and next-generation mobility among areas that could drive the next phase of Japanese investment into India.
The economic relationship already has a sizeable base. India-Japan bilateral trade stood at around $27.5 billion in the 2025-26 financial year, while Japan is India’s fifth-largest source of foreign direct investment, according to figures cited by the Ministry of Commerce and Industry.
More than 1,400 Japanese companies currently operate in India, including Suzuki, Toyota and Honda in the automobile sector, Sony in electronics, and Hitachi and Mitsubishi in engineering.
Japanese participation is also visible in major infrastructure projects, including the Mumbai-Ahmedabad High-Speed Rail corridor, metro rail projects in several Indian cities and Japanese industrial townships.
The forthcoming visit is also expected to build on discussions held at the July summit over improving conditions for Japanese companies seeking to invest in India.
In their joint statement following the 16th India-Japan Annual Summit, the two sides agreed to work towards improving the investment environment through the fast-track mechanism under the India-Japan Industrial Competitiveness Partnership.
New Delhi and Tokyo also agreed to accelerate a review of the implementation and utilisation of the India-Japan Comprehensive Economic Partnership Agreement (CEPA), with the aim of making the trade framework more forward-looking and expanding and diversifying bilateral commerce.
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