Piyush Goyal concludes Japan visit after investment push in Tokyo, Nagoya and Osaka
Commerce and Industry Minister Piyush Goyal concluded his visit to Japan on 26 August 2026 after meetings in Tokyo, Nagoya and Osaka, including an India–Japan Startup Roundtable in Tokyo.
Summary
Commerce and Industry Minister Piyush Goyal concluded his official visit to Japan on 26 August 2026 after a series of engagements in Tokyo, Nagoya and Osaka aimed at speeding up Japanese investment in India. At the India–Japan Startup Roundtable in Tokyo, attended by about 40 leading Japanese companies, Piyush Goyal said India is the world's third-largest startup ecosystem, with nearly 2.5 lakh startups set up over the last decade. Piyush Goyal called for progress towards the target of JPY 10 trillion in Japanese private investment in India over the next decade, agreed during Prime Minister Narendra Modi's visit to Japan in 2025. Piyush Goyal also outlined India's six-pillar semiconductor strategy, with semiconductor demand projected to reach USD 150 billion by 2032.
Key facts
- Visit ended
- 26 Aug 2026 (Wednesday)
- Cities
- Tokyo, Nagoya, Osaka
- Startup roundtable
- Tokyo; ~40 Japanese companies
- Startup ecosystem
- World's 3rd largest; ~2.5 lakh startups in a decade
- Investment target
- JPY 10 trillion private investment in a decade (agreed 2025)
- Semiconductors
- Six-pillar strategy; demand USD 150 bn by 2032
Practice MCQs 3 questions
Which of the following Japanese cities was NOT part of Piyush Goyal's August 2026 Japan visit?
Show answer
Correct answer: D — Kyoto
Piyush Goyal's engagements were held in Tokyo, Nagoya and Osaka.
At the India–Japan Startup Roundtable in Tokyo on 26 August 2026, what global rank did Piyush Goyal give India's startup ecosystem?
Show answer
Correct answer: B — Third-largest
Piyush Goyal said India is the world's third-largest startup ecosystem, with nearly 2.5 lakh startups set up over the last decade.
Consider the following statements made during Piyush Goyal's Japan visit of August 2026: 1. A target of JPY 10 trillion in Japanese private investment in India over a decade was agreed during the Prime Minister's 2025 visit to Japan. 2. India's semiconductor demand is projected to reach USD 150 billion by 2032. Which of the above is/are correct?
Show answer
Correct answer: C — Both 1 and 2
Both statements are correct as per the Commerce Ministry release.