Now Reading: Japan firms should not miss bus on India: Piyush Goyal
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Japan firms should not miss bus on India: Piyush Goyal
India's Commerce and Industry Minister Piyush Goyal has urged Japanese companies to invest quickly in India, saying the country offers a vast economic opportunity that no other region can match. Speaking to Nikkei on October 27, Goyal said Japanese firms should not 'miss the bus' on India.
He highlighted India's growth potential as a major draw for foreign investment, urging Japanese businesses to act fast to take advantage of the market. The minister's comments come as India seeks to deepen economic ties with Japan, a key partner in its manufacturing and infrastructure sectors.
Goyal's pitch is part of a broader push by New Delhi to attract foreign capital and technology, especially from East Asian economies. The government has been offering incentives and easing regulations to make India a more attractive destination for investors looking to diversify supply chains.
Indian Opinion Analysis
Goyal's 'miss the bus' warning is aimed squarely at Japan's slow-moving corporate giants, who have traditionally favoured China and Southeast Asia. The minister is trying to shift that calculus by dangling India's demographic dividend and domestic market size. However, Japanese firms have been cautious due to India's regulatory unpredictability and infrastructure gaps. The real test will be whether New Delhi can deliver on ease of doing business reforms. A key signal to watch is whether Japanese automakers, like Suzuki and Toyota, announce fresh investment commitments in the coming months.
Source: asia.nikkei.com
This story was synthesised by AI from the source linked above. Methodology and corrections.
