India and Japan looking to have trusted partners to expand businesses: Piyush Goyal

Union Minister of Commerce and Industry, Piyush Goyal.

New Delhi (NVI): India and Japan are looking to have trusted partners from authentic investors to expand their trade and business relationships, Union Minister of Commerce and Industry, Piyush Goyal today said.

While addressing the Digital Edition of Make in India, Japan Roadshow 3.0, Goyal said, “Japan is one of our most trusted trading partners, fourth-largest contributor of FDI (foreign direct investment). The current partnership will expand through proposed India-Japan Industrial Competitiveness Partnership, which was discussed during the meeting with Japan Minister Hiroshi San.”

“It is important Japan and India expand our trade and business relationships through the proposed India-Japan Industrial Competitiveness Partnership. Together, I have the confidence that we will come out successful in all matters,” he added.

Piyush Goyal further said that as India is opening up for business, both the Centre and states are making strong policy decisions to help investors take advantage of growth opportunities.

The Minister said, “As the world has recovered from the grip of the COVID-19, the Government of India has been preparing strategies and Action Plan not only for business continuity and is set to a revival but also setting out red carpet for global investors to continue to choose India as the preferred destination for investments.”

“Japan’s interest in India is increasing due to variety of reasons including India’s large and growing market. With its large population and growing consumer base, India is the preferred destination for Japanese investments,” he said.

During the event, Hiroshi Kajiyama, Minister of Economy,Trade and Industry (METI), Japan, in his remarks, reiterated his country’s interest in furthering the bilateral relations.