Goyal Meets japan's financial leaders
New Delhi, Aug. 26 -- Commerce and industry minister Piyush Goyal on Tuesday held discussions in Tokyo with senior leaders of leading Japanese financial and investment institutions on strengthening long-term capital flows, deepening investment partnerships, and expanding Japanese participation in India's growth story.
The meeting brought together senior representatives of MUFG, Development Bank of Japan (DBJ), Mizuho, Morgan Stanley, Nomura and Nippon Life. Discussions focused on India's economic outlook, emerging investment opportunities and measures to further facilitate Japanese institutional investment in India. The discussions are significant in the context of the India-Japan objective of mobilising 10 trillion yen of Japanese private investment into India over the next decade.
Goyal highlighted the strength and resilience of the Indian economy, noting that India posted 7.7% growth last year despite global uncertainties. The minister pointed to significant opportunities for Japanese investors in semiconductors, AI, data centres, renewable energy, green hydrogen, advanced manufacturing and digital infra.
The Japanese financial institutions shared their growing engagement with India and expressed strong confidence in the nation's long-term growth prospects. MUFG highlighted its investment of around $4 billion in Shriram Finance and its expanding interests in areas including renewable energy and hydrogen. DBJ outlined its dedicated India strategy and growing interest in property development, VC and other long-term investment opportunities.
The talks also covered measures to further facilitate the flow of Japanese institutional capital into India. Participants highlighted the importance of simplifying processes for profit repatriation, improving access to capital markets and ensuring greater regulatory predictability for long-term investors....
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