India and Japan are exploring joint investments in Africa to secure critical mineral supplies, reducing dependence on China. FICCI President Anant Goenka highlighted this during a business delegation to Japan with Commerce Minister Piyush Goyal, focusing on sectors like AI, semiconductors, and shipbuilding. The initiative also aims to address the widening trade deficit with Japan since the 2011 economic partnership agreement.
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- ›Delegation Size: Over 200 business leaders
- ›Key Sectors: AI, data centres, shipbuilding, critical minerals, steel, semiconductors
- ›Target this Data: Over 200 business leaders accompanied Commerce Minister Piyush Goyal to Japan.
- ›Target this Nodal Body: FICCI (Federation of Indian Chambers of Commerce & Industry).
- ›Target this Legal Point: India-Japan Economic Partnership Agreement signed in 2011.
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