Indian Economy News

Commerce and Industry Minister Mr. Piyush Goyal Highlights India’s Growing Startup Ecosystem at India-Japan Startup Roundtable in Tokyo

Union Minister of Commerce and Industry Mr. Piyush Goyal highlighted India’s emergence as the world’s third-largest startup ecosystem, with nearly 2,50,000 startups established over the last decade, at the India-Japan Startup Roundtable in Tokyo. He emphasised India’s large domestic market, STEM talent, digital public infrastructure and growing innovation ecosystem as key strengths for Japanese technology, investment and innovation partnerships. The roundtable brought together around 40 leading Japanese companies, investors, government representatives and startups, with discussions focused on deep-tech, innovation, MSMEs, technology partnerships and investment. The India-Japan Pitching Series has connected 65 Indian startups with around 100 Japanese corporations, facilitating more than 30 business tie-ups.

Mr. Piyush Goyal proposed a framework centred on a Japan-India Deep-Tech Capital Corridor, a Two-Way Innovation Bridge, manufacturing and technology integration, and joint startup pitching platforms. He also highlighted the Government of India’s proposed second Fund of Funds of around US$ 1 billion for deep-tech enterprises and invited greater participation from Japanese investors. Japanese stakeholders identified AI, semiconductors, healthcare, space, defence, advanced manufacturing and deep technology as key areas for future investment, while Indian startups showcased capabilities in aerospace and defence, drones, AI, healthcare, robotics, warehouse automation, mobility and digital health. The discussions emphasised combining India’s scale, talent and entrepreneurial dynamism with Japan’s patient capital, advanced technology and manufacturing capabilities to create globally competitive enterprises.

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