India and Japan are looking to expand collaboration on semiconductor, electronics, and other high-technology industries with the largest ever business delegation to Japan, led by the Union Ministry for Commerce and Industry, Piyush Goyal. More than 200 business members make up the 4-day delegation to the visit that will take place from August 24 to August 27 in the cities of Tokyo, Nagoya, and Osaka.
The visit coincides with a period when India is increasing its domestic capabilities to set up semiconductor manufacturing facilities and electronic value chains, while Japan is a leading global source of semiconductor inputs, equipment, and technology. FICCI is organising the business mission to explore new opportunities for cooperation in high-technology and cutting-edge sectors, including semiconductors and electronics. FICCI Director General Jyoti Vij said that the organisation expects several Memoranda of Understanding (MoUs) to be signed during the visit.
The delegation includes representatives from a diverse number of sectors-ranging from manufacturing to semiconductors to clean energy and steel to automotive, financial services, healthcare and start-ups. The program is expected to encompass over 200 business-to-business meetings, dedicated networking sessions and about 15 site visits, providing platforms for Indian and Japanese firms to pursue possibilities for investment and technical and supply chain collaboration.
Far from an expansion of India-Japan trade alone, the business mission, particularly focusing on semiconductors and electronics, can also lead to a new phase of opportunities for tech transfer, industrial investment and new supply chain arrangements.
