NEW DELHI
Union Minister Piyush Goyal stated that financial investments have become the primary driving force behind the rapidly growing partnership between India and Japan.
Speaking at a strategic forum, the Commerce and Industry Minister explained that the economic bond between the two nations is set to strengthen significantly. His comments coincide with Japanese Prime Minister Sanae Takaichi arriving in New Delhi for high-level annual summit talks.
Goyal highlighted Maruti Suzuki as a prime example of this success. Entering India forty years ago, the joint venture introduced affordable, modern technology that transformed India into a global automotive hub. He noted that the partnership remains highly active, with Maruti Suzuki accounting for nearly 1.5 lakh of the passenger vehicles sold in India this past May.
The minister described the trade relationship as balanced and advanced. While India imports cutting-edge Japanese technology, it exports high-value, precision-engineered electronic and auto components rather than simple raw materials. Beyond manufacturing, Japan helped build India’s first dedicated freight corridor in Odisha to assist with iron ore transport.
Looking ahead, Goyal discussed the flagship Mumbai-Ahmedabad bullet train project. He blamed the previous state government in Maharashtra for causing delays through political land disputes but assured that under current leadership, the high-speed rail line is firmly on track for its 2029 deadline. Additionally, he emphasized that learning the Japanese language can open major career doors for skilled Indian healthcare professionals and caregivers looking to work in Japan’s expanding elderly care market.
