India-Japan Investment Partnership Meeting in Tokyo
Union Minister of Commerce and Industry Shri Piyush Goyal held discussions in Tokyo with senior leaders of leading Japanese financial and investment institutions on August 25, 2026, focusing on strengthening long-term capital flows and deepening investment partnerships. The meeting included representatives from MUFG, Development Bank of Japan (DBJ), Mizuho, Morgan Stanley, Nomura, and Nippon Life, with discussions centered on India's economic outlook, emerging investment opportunities, and measures to facilitate Japanese institutional investment.
Shri Goyal highlighted India's strong economic fundamentals, noting that the country recorded 7.7% growth last year despite global uncertainties and is working towards becoming a $30 trillion economy by 2047. He emphasized the strength of India's banking sector with robust capital adequacy, low levels of non-performing assets, expanding middle class, and rising disposable incomes as key growth drivers. The Minister identified significant investment opportunities in semiconductors, artificial intelligence, data centers, renewable energy, green hydrogen, advanced manufacturing, and digital infrastructure, noting that India's expanding renewable energy capacity and national power grid provide a strong foundation for energy-intensive digital industries.
Japanese financial institutions expressed strong confidence in India's long-term growth prospects. MUFG highlighted its investment of approximately $4 billion in Shriram Finance and expanding interests in renewable energy and hydrogen. DBJ outlined its dedicated India strategy and growing interest in property development, venture capital, and other long-term investment opportunities. Mizuho noted the improving profitability of Japanese companies operating in India and the expansion of its India operations, including its Global Capability Centre in Pune. Morgan Stanley described India as one of its most important global locations with over 19,000 employees, highlighting the evolution of its India operations towards higher-value capital markets and financial services activities. Nomura emphasized its role in connecting Japanese companies with Indian opportunities through technology capabilities in AI and cybersecurity, while Nippon Life emphasized the importance of long-term 'patient capital' and noted strong returns from its Indian operations.
Participants discussed measures to facilitate Japanese institutional capital flow into India, including simplifying processes for profit repatriation, improving access to Indian capital markets, and ensuring greater regulatory predictability for long-term investors. The Japanese institutions acknowledged that currency movements and certain regulatory considerations can influence short-term investment decisions despite their positive long-term strategic outlook. The meeting explored the potential of GIFT City as a gateway for international capital into India and as a platform for facilitating cross-border investment flows between Japan and India.
The discussions are significant in the context of the India-Japan objective of mobilizing 10 trillion yen of Japanese private investment into India over the next decade. Shri Goyal emphasized that India seeks long-term partnerships that bring technology, innovation, manufacturing capabilities, employment, and integration with global value chains, highlighting opportunities in both emerging sectors and established businesses requiring modernization.