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India is the world’s best location for setting up data centres, said Union Minister of Commerce & Industry, Shri Piyush Goyal, at the CEO Roundtable on “Ease of Doing Business (EoDB) for Scaling India’s Data Centre Ecosystem” at Vanijya Bhawan, New Delhi. While Chairing the meeting the Minister said the roundtable provided an engaging and fruitful platform for discussions with stakeholders from the data centre industry on further promoting the sector and enhancing ease of doing business in India.

Shri Goyal expressed confidence in India’s growth prospects amid global uncertainty and volatility and highlighted the country’s 7.8% growth in Q1. He complimented the people of India and Prime Minister Shri Narendra Modi for his decisive leadership and for instilling confidence among every Indian to contribute towards Amrit Kaal and the vision of Viksit Bharat 2047.

The Minister highlighted the potential of the data centre and semiconductor industries, India’s growing presence in AI and its expanding manufacturing base for global quality products, noting that these sectors would power India’s growth in the coming years and contribute towards achieving a USD 30 trillion economy by 2047. He said the interaction with stakeholders was marked by positivity and that discussions between different Departments of the Government of India and States had already helped resolve several issues. He said it was satisfying to see the industry geared up, with investments of around USD 200 billion potentially coming into the data centre industry. Shri Goyal said the meeting provided valuable insights and ideas on how India could become the data centre of the world.

The roundtable was convened as a follow-up to the inaugural CEO Roundtable to further strengthen the enabling ecosystem for the rapid and sustainable expansion of India’s data centre sector. Discussions focused on Ease of Doing Business and faster deployment of data centre infrastructure, particularly in the areas of power, land, regulatory and fiscal issues.

The discussions highlighted the rapidly increasing demand arising from cloud and Artificial Intelligence (AI) workloads. Hyperscalers accounted for more than 80 per cent of data centre absorption in the first half of 2026, underscoring India’s emergence as an AI infrastructure destination. The Government expects investments in the data centre sector to reach around USD 200 billion, reflecting the scale of the opportunity created by India’s rapidly growing digital economy and AI ecosystem.

Stakeholders discussed measures to ensure adequate and reliable power availability, including cluster-based transmission and substation planning, Day-1 sanctioned load, dual power feeders and facilitation of renewable energy procurement across State boundaries. The need for DC-ready land banks and pre-identified power-ready parcels was also highlighted.

The roundtable also reviewed regulatory measures aimed at reducing project timelines and improving investment certainty, including streamlined single-window approvals and appropriate building regulations for data centres.

The discussions noted significant progress since the previous roundtable. The National Building Code 2026 now specifically recognises data centres under Group E, with a dedicated Annex on requirements for data centres, including fire-risk assessment and data-centre-specific performance indicators.

The roundtable brought together representatives from the Central and State Governments, CEOs and senior representatives of global hyperscalers, data centre developers and operators, investors, infrastructure providers and other key stakeholders.

Senior representatives from the Governments of Andhra Pradesh, Gujarat, Haryana, Karnataka, Maharashtra, Tamil Nadu, Telangana and Uttar Pradesh, along with representatives from around 46 data centre companies, participated in the roundtable.

The dialogue will serve as a foundation for actionable, time-bound and high-impact reforms aimed at accelerating investment and innovation, strengthening India’s digital infrastructure and positioning the country as a trusted global data centre hub.

Addressing the 66th Annual Session of the Automotive Component Manufacturers Association (ACMA) in New Delhi, Union Minister of Commerce & Industry Shri Piyush Goyal today called upon the auto component industry to transform local businesses into global businesses, expand manufacturing footprints across developed countries, strengthen supply-chain resilience and move up the value chain as India seeks to deepen its integration with global markets.

Shri Goyal said the industry’s international trade was nearly USD 50 billion, evenly divided between imports and exports. He said business prospers when it looks globally and imports can also play an important role in the economic progress of a country, while clarifying that this should not be taken as an encouragement to increase imports.

He said there had been a commitment to widen the gap between imports and exports, but this had not yet started, and called for much greater international investment and international business emerging from ACMA and its membership in the years ahead.

The Minister said the industry had benefited from collaborations over the years and had established the ability to produce quality goods in India at globally competitive price points. He called upon the industry to now expand its manufacturing footprint across the world and establish a presence in developed countries.

Shri Goyal highlighted India’s growing market access through nine trade agreements finalised in the last four to five years under the leadership of Hon’ble Prime Minister Shri Narendra Modi. He said these agreements covered 38 developed countries, collectively representing a GDP of USD 60 trillion. He said the Free Trade Agreements concluded prior to 2014 collectively accounted for a GDP of USD 10 trillion at today’s value, while the nine agreements concluded under the present Government in the last four and a half years provide two-way market access to economies representing a USD 60 trillion GDP.

He said these agreements covered prosperous countries with high GDPs and high per capita GDPs, offering less competition and greater complementarity with Indian industry. Shri Goyal also acknowledged ACMA’s role in India’s Free Trade Agreement negotiations, saying that the organisation had consistently sought zero-duty access for the Indian auto component sector while also seeking reciprocal opening of the Indian market. He said the industry was capable of taking on the best in the world and was ready to meet global competition.

Referring to the theme of the session, “Beyond Resilience, managing uncertainty to creating new avenues, deeper supply chains”, Shri Goyal said it was particularly relevant in a world marked by uncertainties, challenges and considerable churn.

The Minister said that amid global turmoil, India had continued to stay the course and remained the fastest-growing among the large economies of the world. “The naysayers can say what they want, but 7.8% growth is a reality,” he said.

Highlighting the growth across sectors, Shri Goyal pointed out that ACMA was growing at a scorching double-digit rate and the auto sector was growing at a high double-digit rate. He said five million passenger cars were expected to be sold this year. The Minister said the cars were being bought and were not merely being stocked. He also referred to electric vehicles, noting that some electric vehicles now had a six-month waiting period.

He pointed out that the steel sector was also growing at a scorching pace and India was importing more steel than it exported because domestic demand was so high. He said the auto component industry was contributing significantly to this demand.

Shri Goyal highlighted various Government programmes aimed at strengthening industrial capacity and supply-chain resilience. He said the support provided to the auto component industry to achieve scale and to speciality steel manufacturing to produce in India the steels required by the sector directly related to the industry.

He also highlighted the relevance of the technical textile PLI for the auto component industry, given its requirement for technical textiles, and said support to the semiconductor industry was intended to bring resilience to auto component supply chains.

The Minister said the Government was creating new industrial parks, with 20 smart cities and industrial cities already underway. He invited the industry to participate in these opportunities and also invited countries to consider establishing enclaves in these parks. “Maybe we should have one of these parks dedicated to a US-India partnership. Maybe we can have two or three, five parks, which will be for auto components only. And I can create a plug and play infrastructure to suit you,” he said.

Shri Goyal said the cycle of reforms and further reforms could only move ahead at speed with the support of industry. “We need your ideas. We need your inputs. We need your demands. We need to know what’s challenging you, what’s troubling you, how we can help you more,” he said. “We are a listening government. We want you to be talking,” he said, calling for continued dialogue between industry and Government.

Shri Goyal referred to his recent three-hour engagement with the data centre industry, comprising largely companies from the United States coming into India in a big way. He said India and the United States were trusted partners who could support each other in making everything more competitive.

Shri Goyal said India would soon have a GCC and Israel FTA once the situation stabilised there. He said India would also have FTAs with other countries around the world to secure greater access to critical minerals, which are needed for resilient supply chains.

He highlighted that the United States and India were working together as partners in a critical mineral partnership. He also referred to the Pax Sillica initiative launched by the United States, under which like-minded, democratic, well-meaning and fair-play countries could work together to ensure that no single geography could weaponise trade.

Shri Goyal said these developments would help the auto component industry become a global player as it moved towards its USD 500 billion industry target.

Before concluding, Shri Goyal outlined specific priorities for the industry. He called upon the industry to convert local businesses into global businesses and, for products where greater supply-chain resilience was still required, establish an active indigenisation programme to insulate and protect itself from future black swan events.

He called upon the industry to move up the value chain and begin delivering integrated, very high-value solutions, including products that are designed, built and supplied to the world at top quality.

Shri Goyal also called for greater focus on safety. He said the industry should not leave safety concerns entirely to the Government.

The Minister said technology needed to play a greater role in the auto component sector, including artificial intelligence for better quality control and better assessment of customer needs. He also referred to customised vehicles, which were gaining increasing traction in the United States and Europe, and called for better safety features.

On vehicle scrappage Shri Goyal said that the industry and Government needed to make the scrappage of old vehicles a profitable and valuable proposition for new vehicle buyers.

He emphasised that this could only be achieved through a shared effort by the Government and the private sector. The Minister said the Government had attempted to provide value and incentives from its side and called upon industry to come forward and offer fair value when vehicles were scrapped, so that a greater market could be created for new-age vehicles.

Addressing the event U.S. Ambassador to the Republic of India H.E. Sergio Gor highlighted the deepening U.S.-India cooperation in the automotive sector and said that the relationship stands at a “historic high point”. He said the two countries are “co-designing the future of mobility together” and noted India’s auto component industry as a reliable and increasingly sophisticated partner in strengthening supply chain resilience. He said both governments are working towards a fair, reciprocal and mutually beneficial trade relationship and highlighted the progress made, including the trade understanding reached between the two governments. He also said that Union Minister for Commerce and Industry Shri Piyush Goyal will travel to the United States at the end of the month as the United States hosts the G20 talks.

Mr. Gor highlighted cooperation across pharmaceuticals, military sales and exercises, IT, data centres and space, and described the Pax Silica Declaration as a landmark step towards a pro-innovation regulatory framework, noting that India was among the first countries invited to join. He highlighted the presence of U.S. companies in India’s automotive ecosystem and Indian companies in the United States, including Bharat Forge, Sundaram Clayton and Mahindra. He invited Indian auto component manufacturers to explore investment in the United States through greenfield assembly, R&D centres and distribution networks, and noted that the U.S. Embassy in India came first among embassies globally, with $24 billion in new investment into the United States.

In his address, Trade Commissioner for South Asia and British Deputy High Commissioner for Western India Harjinder Kang highlighted the strengthening India-UK relationship and said automotive and future mobility are central to the UK’s advanced manufacturing capabilities. He highlighted the India-UK Vision 2035, the UK’s modern industrial strategy and the India-UK CETA, which came into force on 15 July 2026. He said 99% of UK tariff lines and 90% of Indian tariff lines have been reduced to zero or very low duties, with streamlined customs and border processes to facilitate trade and business.

He said CETA will deepen supply chains and enable joint ventures and partnerships, with automotive component manufacturers gaining tariff-free access to each other’s markets. He highlighted the UK’s strengths in advanced engineering, innovation and zero-emission vehicle technologies, including electric motors, batteries, hydrogen solutions, lightweight composites and software-defined vehicle systems.

Union Minister of Commerce and Industry Shri Piyush Goyal addressed the Indian community in Tokyo, Japan, today and appreciated the contribution of the Indian diaspora in strengthening India-Japan ties. He described the nearly 60,000-strong Indian community in Japan as “Brand Ambassadors of India”, noting that their conduct, professionalism and contribution across different fields serve as an important introduction to India among the Japanese people.

Shri Goyal said that the energy, enthusiasm and confidence witnessed during his visit to Japan reflected the growing strength of India-Japan relations. He expressed gratitude to the Indian community for “opening the doors of Japan” for India and for building goodwill through their work and engagement with Japanese society.

He noted that more than 200 representatives from Indian industry and business were part of the delegation accompanying him during his visit to Japan. Describing it as the largest business delegation he had led to Japan, he said the strong participation reflected substantial interest on both sides in expanding business-to-business engagement and investment opportunities.

The Minister highlighted the transformation in India’s global standing over the past decade. He said that India’s growth, the country’s rising global profile and the leadership of Prime Minister Shri Narendra Modi have contributed to greater confidence and respect for India and its citizens across the world.

Shri Goyal said that India’s vision of becoming a developed nation by 2047 is founded on self-reliance, self-respect and self-confidence. He emphasised that this transformation is a collective commitment of 140 crore Indians, including the Indian diaspora across the world.

Highlighting India’s demographic advantage, Shri Goyal said that India’s young population, with an average age of around 29 years, represents a significant strength. He noted that India’s hardworking, aspirational and technology-savvy youth are increasingly creating opportunities rather than merely seeking employment.

The Minister underlined the growing attractiveness of India as an investment and business destination. He said that India’s expanding economy, young population, startups, technological capabilities and entrepreneurial ecosystem are creating significant opportunities for global businesses and investors.

Shri Goyal also highlighted India’s expanding network of trade agreements. He said that India has made significant progress in concluding trade agreements with several countries in recent years, reflecting the growing confidence of global partners in the Indian economy and its future potential.

The Minister said that discussions with Japanese companies, including those working in advanced technologies, semiconductors and artificial intelligence, demonstrated the growing interest in India. He noted that Japanese businesses are keen to expand their engagement with India and are looking at opportunities across emerging and high-technology sectors.

Shri Goyal also highlighted the opportunities for Indian professionals in Japan. He said that there is significant demand for skilled workers across sectors, including caregivers, nurses, welders, carpenters, electricians, plumbers, drivers, engineers, artificial intelligence professionals, chartered accountants and seafarers. He encouraged members of the Indian community to understand local requirements, learn the Japanese language and culture, and contribute to strengthening people-to-people and economic ties between the two countries.

The Minister urged the Indian diaspora to retain a strong connection with India while respecting the laws, regulations and way of life of Japan, which is their “Karmabhoomi”. He suggested that members of the community could also contribute to the development of their hometowns and villages in India through initiatives such as digital education, online training and knowledge-sharing.

Shri Goyal highlighted the important contribution of the Indian diaspora to India’s economy through remittances. He said that remittances support families, generate economic activity and contribute to savings and investment, thereby making the diaspora an important partner in India’s development journey.

He also emphasised the Government’s commitment to the welfare and safety of Indians abroad. Referring to India’s efforts to evacuate and assist citizens during crises in different parts of the world, he said that the Government remains committed to ensuring the safety and well-being of Indian citizens wherever they may be.

Recalling India’s evacuation efforts during the Ukraine conflict, Shri Goyal said that the Government had worked across countries and coordinated extensive efforts to bring Indian students and other citizens safely back to India.

The Minister also recalled the efforts made to assist Indian fishermen stranded in the region during the recent conflict in West Asia. He highlighted the role of Indian diplomatic missions, local authorities and members of the Indian diaspora in registering citizens, coordinating their movement and facilitating their safe return to India.

Shri Goyal said that these efforts demonstrate the strong bond between India and its diaspora. He reiterated that Indians living abroad remain an integral part of India’s development journey and that the Government will continue to stand with them during times of need.

“Never forget India, and neither will we ever forget you,” Shri Goyal said, while expressing his appreciation for the contribution of the Indian community in Japan and across the world.

Union Minister of Commerce and Industry, Shri Piyush Goyal, today held discussions in Tokyo with senior leaders of leading Japanese financial and investment institutions on strengthening long-term capital flows, deepening investment partnerships and expanding Japanese participation in India’s growth story.

The meeting brought together senior representatives of MUFG, Development Bank of Japan (DBJ), Mizuho, Morgan Stanley, Nomura and Nippon Life. The discussions focused on India’s economic outlook, emerging investment opportunities and measures to further facilitate Japanese institutional investment in India.

Shri Goyal highlighted the strength and resilience of the Indian economy, noting that India recorded 7.7 per cent growth last year despite global uncertainties and is working towards becoming a USD 30 trillion economy by 2047. He underlined the strength of India’s banking sector, robust capital adequacy, low levels of non-performing assets, expanding middle class and rising disposable incomes as key drivers of sustained economic growth.

The Minister highlighted significant opportunities for Japanese investors in semiconductors, artificial intelligence, data centres, renewable energy, green hydrogen, advanced manufacturing and digital infrastructure. He noted that India’s expanding renewable energy capacity and national power grid provide a strong foundation for the growth of energy-intensive digital industries, while the India Semiconductor Mission is creating new opportunities across manufacturing and technology.

Highlighting the strategic and comprehensive nature of India-Japan relations, Shri Goyal said India regards Japan as a trusted partner in its journey towards becoming a global manufacturing, technology and investment hub. He emphasised India’s commitment to intellectual property protection, availability of high-quality talent, policy reforms and creating an increasingly conducive business environment.

The Japanese financial institutions shared their growing engagement with India and expressed strong confidence in the country’s long-term growth prospects. MUFG highlighted its investment of around USD 4 billion in Shriram Finance and its expanding interests in areas including renewable energy and hydrogen. DBJ outlined its dedicated India strategy and growing interest in property development, venture capital and other long-term investment opportunities.

Mizuho highlighted the improving profitability of Japanese companies operating in India and the expansion of its India operations, including its Global Capability Centre in Pune. Morgan Stanley described India as one of its most important global locations, with more than 19,000 employees, and highlighted the evolution of its India operations towards higher-value capital markets and financial services activities.

Nomura highlighted its long-standing presence in India and its role in connecting Japanese companies and global industries with Indian opportunities, including through technology capabilities in areas such as artificial intelligence and cybersecurity. Nippon Life emphasised the importance of long-term “patient capital” and noted the strong returns generated by its Indian operations.

The discussions also covered measures to further facilitate the flow of Japanese institutional capital into India. Participants highlighted the importance of simplifying processes for profit repatriation, improving access to Indian capital markets and ensuring greater regulatory predictability for long-term investors.

The Japanese institutions reiterated that their long-term strategic outlook on India remains strongly positive, while noting that currency movements and certain regulatory and policy considerations can influence short-term investment decisions. Shri Goyal welcomed the feedback and reiterated the Government’s commitment to continuously improving the ease of doing business and creating a more seamless investment environment.

The meeting also explored the potential of GIFT City as a gateway for international capital into India and as a platform for facilitating greater cross-border investment flows between Japan and India.

Shri Goyal emphasised that India is seeking not merely capital but long-term partnerships that bring technology, innovation, manufacturing capabilities, employment and integration with global value chains. He highlighted opportunities in both new and emerging sectors and established businesses requiring modernisation and technological upgrading.

The discussions assume significance in the context of the India-Japan objective of mobilising 10 trillion yen of Japanese private investment into India over the next decade. The interaction reaffirmed the strong confidence of leading Japanese financial institutions in India’s long-term growth prospects and highlighted the considerable potential for expanding bilateral investment, technology and business linkages.

The meeting marked another important step towards deepening the India-Japan economic partnership and unlocking greater flows of long-term Japanese institutional capital into India’s next phase of growth.

Union Minister of Commerce and Industry, Shri Piyush Goyal, today chaired a roundtable with leading Japanese and Indian industry representatives on Semiconductors and Artificial Intelligence (AI) in Tokyo, underlining the growing importance of these sunrise sectors in strengthening India-Japan economic and technological cooperation.

Shri Goyal highlighted that Semiconductors and AI are emerging as key areas of cooperation and constitute an important pillar of the economic security partnership envisaged by Prime Minister Shri Narendra Modi and Prime Minister Sanae Takaichi during the Annual Summit. He assured the participating industry representatives of the Government of India’s wholehearted support in deepening and expanding collaboration between India and Japan in these strategic sectors.

The Minister highlighted the rapidly expanding opportunities in India’s semiconductor sector, with domestic semiconductor demand projected to reach USD 150 billion by 2032. He outlined the Government’s comprehensive semiconductor strategy covering chip design, semiconductor machinery and materials, fabrication, ATMP/OSAT, research and development, and talent development. He also highlighted the Government’s commitment of USD 10 billion under Semicon India 1.0 and an additional USD 15 billion under Semicon India 2.0 to catalyse large-scale investments and build a comprehensive semiconductor ecosystem in the country.

Shri Goyal emphasised the significant potential for combining India’s vast pool of skilled and talented professionals with Japan’s advanced technology, engineering capabilities and industrial expertise. He noted that such complementarities can create new opportunities for investment, innovation, manufacturing and technology partnerships between the two countries.

The roundtable was attended by representatives of around 21 leading Japanese companies, including Tokyo Electron, Daifuku, Preferred Networks, ABEJA, MinebeaMitsumi, Tanaka Precious Metals Technologies, Fujifilm Holdings, Toray Industries, Nippon Express Holdings, Mizuho Financial Group, Kyocera Corporation, Fuji Electric, TOK, Air Water Inc., ROHM, Tomoegawa Corporation, MUFG Bank Ltd., NEC Corporation, Yamaya Electronics, ANA Trading and JETRO. The roundtable also saw participation from various Indian business chambers and business delegations.

The participating Japanese companies expressed confidence in the growing opportunities in India’s semiconductor and AI sectors and reaffirmed their commitment to Make in India, Design in India and Develop in India. The companies also briefed the Minister on their operations, capabilities and project execution in the relevant sectors.

Responding to suggestions and concerns raised by Japanese industry representatives, Shri Goyal assured that the Government of India would proactively address the issues raised. He emphasised that India is fully cognisant of the significant potential of the India-Japan partnership in these strategic sectors and will proactively engage with industry through the Embassy of India in Tokyo and the concerned Ministries and Departments in New Delhi to facilitate fruitful outcomes in a fast-tracked manner.

Earlier, Shri Goyal held a bilateral meeting with Japan’s Minister of Economy, Trade and Industry, H.E. Mr. Akazawa Ryosei, on 25 August 2026 in Tokyo.

During the meeting, the two Ministers took stock of bilateral economic cooperation, including bilateral trade and investment, and discussed the need to accelerate the review of the Comprehensive Economic Partnership Agreement (CEPA) to make it more forward-looking and responsive to emerging economic opportunities.

The Ministers also discussed bilateral cooperation in new and emerging sectors, next-generation industries, manufacturing, technology and innovation. They noted the steady progress towards achieving the target of JPY 10 trillion in private investment from Japan to India, further strengthening the India-Japan Special Strategic and Global Partnership.

The Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce & Industry, Government of India, in collaboration with the Tripura State Organic Farming Development Agency (TSOFDA) and the Department of Agriculture and Farmers Welfare, Government of Tripura. organised an International Organic Buyer-Seller Meet in Agartala, Tripura, to provide a direct platform for the state’s organic producers, Farmer Producer Organisations (FPOs), exporters and international buyers to explore new business opportunities and establish long-term market linkages.

Around 200 participants participated in the programme, including more than 20 international buyers from countries such as Australia, New Zealand, Germany, Italy, Greece and Argentina, 27 exporters, 96 farmers representing 22 FPOs/FPCs, and officials from various Government departments. The diverse participation provided a platform for direct interaction among farmers, producer organisations, exporters, Government stakeholders and international buyers, facilitating discussions on sourcing opportunities, market requirements and potential business linkages.

The event featured 12 vibrantly curated stalls showcasing the diverse range of organic and naturally produced products that Tripura has to offer, including Queen Pineapple, GI-tagged Kalikhasa Rice, Organic Ginger and Turmeric, Black Sesame, Jackfruits, Scented Lemon and other fresh and exotic organic products. The stalls provided international buyers with an opportunity to explore Tripura’s unique agricultural offerings through product displays, direct interactions with producers and discussions on potential sourcing and business opportunities.

The International Organic Buyer-Seller Meet provided a platform for meaningful commercial engagement between Tripura’s organic producers and international buyers while promoting the state’s organic identity in global markets. The initiative is expected to generate new business linkages, encourage long-term sourcing partnerships and contribute to improved market access and income opportunities for farmers.

The event was graced by Agriculture Minister, Government of Tripura Shri Ratan Lal Nath. IAS, Secretary, Agriculture & Horticulture, Government of Tripura, Shri Apurba Roy, Executive Director, IFOAM Organics Asia and senior officers from APEDA, Ms Jennifer Chang, also attended the programme and shared their perspectives on strengthening the organic sector and expanding market opportunities for organic producers.

Agriculture Minister Shri Ratan Lal Nath, appreciated the efforts to promote Tripura’s organic products in international markets and highlighted the importance of strengthening market linkages for organic farmers and producer groups. He said, “Tripura’s farmers are producing quality organic products with strong potential in domestic and international markets. Connecting our farmers and FPOs directly with international buyers can create new opportunities for better market access and income generation. The Government of Tripura will continue to support initiatives that strengthen organic farming and enable our farmers to benefit from emerging global opportunities.”

The event also featured the felicitation of organic farmers by the Agriculture Minister in recognition of their contribution to the state’s organic agriculture movement and their role in building sustainable agricultural value chains.
APEDA continues to work closely with State Governments, FPOs, exporters and other stakeholders to strengthen India’s organic export ecosystem through certification support, capacity building, infrastructure development, market promotion and international buyer linkages. The initiatives in Tripura form part of these continued efforts to expand the global footprint of India’s organic products and create sustainable opportunities for farmers across the North Eastern Region.

Mumbai, August 10, 2026: The Bombay Chamber of Commerce and Industry, in association with the Consulate General of Sri Lanka in Mumbai and the Sri Lanka Export Development Board (EDB), hosted the Sri Lanka–India Trade & Investment Promotion Event in Mumbai today, bringing together senior Sri Lankan officials, exporters, industry representatives and Indian business leaders to explore new opportunities for trade, investment, sourcing and business partnerships.

The event reaffirmed the strong economic relationship between the two neighbouring countries, with discussions focusing on emerging opportunities across manufacturing, technology, services, food processing, green technology and the gem and jewellery sector.

Welcoming the Sri Lankan delegation, Viraj Kulkarni, Chairman, International Trade and Commerce Committee, Bombay Chamber, highlighted the Chamber’s role in facilitating international business partnerships. He said, “At Bombay Chamber, we believe in collaborations and we believe in partnerships.” He noted that the Chamber’s extensive international engagement provides businesses with platforms to build connections and explore new markets.

Priyanga Wickramasinghe , Consul General of Sri Lanka in Mumbai, said the event was an important step towards converting the longstanding India–Sri Lanka relationship into new commercial opportunities. “Today’s gathering is not just about celebrating a shared history, it is about looking forward and turning mutual intent into tangible high value commercial partnerships,” she said. She highlighted Sri Lanka’s National Export Development Plan 2026–2030, which seeks to transform the country into a knowledge-intensive, high-value and sustainability-driven regional export and logistics hub, with Indian enterprises playing an important role in this vision.

She also highlighted the significant potential for collaboration in the gem and jewellery sector, where Sri Lanka’s globally recognised coloured gemstones complement India’s strengths in jewellery manufacturing, processing, design and global distribution. Wickramasinghe invited Indian businesses to participate in Sri Lanka Expo 2027, scheduled from 14–17 January 2027 in Colombo, which will bring together leading Sri Lankan exporters, international buyers and investors.

Mangala Wijesinghe, Chairman, Sri Lanka Export Development Board, outlined Sri Lanka’s ambitions to expand its export footprint and deepen economic engagement with India. “As close neighbours, we believe there is a tremendous potential to further strengthen our trade and investment partnership, particularly in sectors where both our countries possess unique strengths,” he said.

According to Wijesinghe, Sri Lanka’s new National Export Development Plan targets more than US$36 billion in export revenue by 2030, with an emphasis on product and market diversification. He also highlighted the opportunity for Indian companies to use Sri Lanka as an export and investment hub, leveraging its strategic location, skills and access to international markets.

The discussions identified several sectors with strong potential for Indian businesses, including apparel and textiles, tea and beverages, spices, rubber and coconut-based products, fisheries, shipbuilding, electrical and electronics, ICT, tourism, education and professional services. The EDB also highlighted existing Indian exports to Sri Lanka, including petroleum products, pharmaceuticals, machinery, vehicles and agricultural equipment, pointing to significant scope for further expansion of two-way trade.

A key focus of the event was Sri Lanka’s gem and jewellery industry. Prof. S. P. Chaminda, Chairman and CEO, National Gem and Jewellery Authority of Sri Lanka, outlined the Authority’s role across mining, value addition and exports and highlighted the potential for closer collaboration with India’s jewellery industry. Sri Lankan gem exporters also presented opportunities for Indian jewellery manufacturers, designers and retailers, including potential partnerships, joint ventures and the development of value-added jewellery for global markets.

The Sri Lankan delegation showcased the country’s expertise in natural coloured gemstones, particularly sapphires, rubies, cat’s eye and star sapphires, along with its focus on certification and international quality standards. The delegation also invited Indian businesses to participate in Facets Sri Lanka 2027, the country’s premier gem and jewellery exhibition, scheduled for January 2027.

The Sri Lankan delegation further extended an invitation to Indian businesses to participate in Sri Lanka Expo 2027, being organised after a 15-year gap. The exhibition will feature Sri Lankan exporters, international buyers and investors, B2B meetings, thematic pavilions and an investor forum. Registered buyers and investors will also receive facilitation including accommodation and transportation support.

The event concluded with an interactive Q&A and B2B networking session, enabling Indian businesses to engage directly with Sri Lankan exporters and explore opportunities for collaboration across trade, investment, manufacturing, services and gems and jewellery.

In a major milestone for the nation’s clean energy transition and climate action targets, India has crossed 300 GW of non-fossil fuel-based installed electricity generation capacity as on 31st July, 2026; over 60% of the 500 GW capacity targeted to be achieved by 2030.

Breakdown of Non-Fossil Fuel Capacity (as on 31.07.2026):

• Solar Power: 164.59 GW
• Wind Power: 58.14 GW
• Hydro Power (Large & Small): 57.24 GW
• Bio-power: 11.75 GW
• Nuclear Power: 8.78 GW
• Total Non-Fossil Capacity: 300.50 GW

The share of non-fossil fuel electricity capacity in the country’s total electricity generation capacity (which is around 552 GW at present), has reached over 54%.

Backed through the key policy enablers provided by the Government for this transformation, this monumental achievement highlights India’s rapid progress towards building an Aatmanirbhar energy ecosystem and securing the target of 500 GW non-fossil capacity by 2030.

The growth in clean energy generation has been anchored by stellar contributions across sectors. Solar energy remains the key growth engine with around 165 GW at present from just 2.8 GW in 2014.  Concurrently, the wind energy sector has also seen strong momentum reaching to over 58 GW from 21 GW in 2014.

During 2025-26, a record capacity of 55.29 GW non-fossil fuel based electricity capacity was installed in the country with key contributions from 44.6 GW solar power and 6 GW wind power.

The rapid progress in renewable energy capacity is also reflected in renewable energy generation in the country which has increased from 190.96 billion units in 2014-15 to 477.79 BU in 2025-26.

To support this rapid expansion and ensure supply chain independence, India has transformed its domestic manufacturing capabilities. Driven by the Production Linked Incentive (PLI) scheme focusing on the nation’s solar installations with high-efficiency, indigenously produced modules, the enlisted capacity under the Approved List of Models and Manufacturers (ALMM) for Solar PV Modules has crossed the historic 200 GW milestone, rising from just 2.3 GW in 2014.

Clean energy transition is no longer just a climate commitment—it is central to shaping India’s industrial competitiveness, energy independence, and economic resilience.

The Ministry of New and Renewable Energy is also driving deep industrial decarbonization, positioning India to become a global hub for the production, usage, and export of Green Hydrogen and its derivatives, through the implementation of the National Green Hydrogen Mission.

Mumbai, July 31, 2026: The Bombay Chamber of Commerce & Industry hosted the AI for Viksit Bharat Summit 2026 in Mumbai, bringing together leading voices from industry, technology, academia and the startup ecosystem to deliberate on how artificial intelligence can accelerate India’s journey towards becoming a developed nation. The summit served as a platform to explore AI’s transformative impact across sectors, its implications for the future of work, and India’s opportunity to emerge as a global AI innovation hub.

The summit commenced with a welcome address and theme-setting by Harish Narayanan, Chairman, Digitalisation Committee, Bombay Chamber and CMO & CDO, HDFC AMC, who underscored the need for responsible AI adoption, stronger public-private collaboration, and innovation-led growth to realise the vision of Viksit Bharat. He also spoke about the need to go beyond just jargon and leverage AI to scale up businesses. “Theoretical AI is not of any use to anybody. How do we take it from artificial intelligence to applied intelligence? If I don’t catch up on technology trends and innovations, every week there is a new model that is coming up. Every new week there are new technologies.”

Delivering the keynote address, Harish Mehta, Founder & Executive Chairman, Onward Technologies and Co-founder, NASSCOM, spoke about India’s AI-powered future, emphasising that the country’s progress will be driven not by a handful of leaders, but by the collective aspirations and innovations of millions of Indians. Describing every citizen as a “firefly” capable of illuminating India’s future, he remarked, “India will shine through millions and millions of fireflies over 782 districts of India… India should shine through millions of fireflies.” He added that the vision of Viksit Bharat rests on empowering every individual to excel in their respective fields, noting, “When you say Viksit Bharat, these millions of fireflies are each one of you.”

Mehta further reflected on India’s remarkable evolution from a closed economy to a global technology powerhouse through the collective effort of countless innovators and entrepreneurs. He stressed that sustained growth depends on building strong ecosystems rather than isolated success,”If you do not focus on the ecosystem, your growth would be highly limited.”

Highlighting artificial intelligence as the next great enabler of national transformation, he said that AI has the potential to empower every Indian to participate in the country’s development journey. “AI will enable every one of us to contribute… billion Indians. Once they are enabled, they would create the Viksit Bharat that we are looking forward to.” 

The first panel discussion, “AI Transforming Bharat’s Core Sectors,” examined how AI is reshaping financial services, digital infrastructure, media and enterprise transformation. Moderated by Srikanth RP, Editor, Express Computer, the session featured Dhiraj Relli, Director, Bombay Chamber and MD & CEO, HDFC Securities Ltd; Avinash Joshi, Executive Managing Director, India, NTT DATA; and Abe Thomas, CEO, Radio City. The panel discussed practical applications of AI, the importance of trusted digital ecosystems, and the need to balance innovation with responsible governance.

The summit also witnessed the launch of Express Computer, reinforcing the publication’s commitment to advancing conversations around India’s digital transformation.

The second panel, “AI, Jobs & Future Skills,” explored the changing nature of work in an AI-enabled economy. Moderated by Hareesh Tibrewala, CEO, Anhad Consultancy Services, the discussion brought together Indraneel Gawde, Chief Business Officer, Schbang; Ravi Eppaturi, Vice President – Technology Strategy, Ashtech Infotech India Pvt. Ltd.; and Dr. Utpal Chakraborty, Founder and Chief Scientist, GAHNA. The panellists emphasised that while AI will redefine existing roles, it will also create new opportunities, making continuous learning, reskilling and digital literacy central to India’s future workforce.

The summit featured dedicated technology sessions from Amazon Web Services (AWS) and Google, showcasing how organisations can accelerate AI adoption through scalable cloud infrastructure, advanced AI capabilities and practical enterprise use cases.

The concluding fireside discussion, “Can Bharat Become an AI Innovation Hub?”, moderated by Harish Narayanan, brought together Dr. Aditya Kulkarni, Founder & CEO, CareNx Innovations Private Limited; Syed Adil, India Head, Replit; and Subramanian Natarajan, Head – AI & Cloud Practice and Chief Technology & Innovation Officer, L&T Vyoma. The discussion explored India’s strengths in talent, entrepreneurship and digital public infrastructure, while identifying policy support, research investment and stronger industry-academia collaboration as critical enablers for establishing India as a global AI powerhouse.

The summit concluded with a vote of thanks delivered by Hareesh Tibrewala, CEO Anhad Consultancy Services.

Union Minister of Commerce and Industry Shri Piyush Goyal today invited businesses from India and Uzbekistan to co-invest, co-manufacture and co-innovate, while calling for concerted efforts to double bilateral trade between the two countries over the next three years. Addressing the India-Uzbekistan Business Forum in New Delhi, the Minister said the strategic partnership between the two countries, founded on mutual trust, respect and a shared vision for prosperity, offers tremendous opportunities for expanding trade, investment and economic cooperation.

Welcoming the delegation, Shri Goyal said India and Uzbekistan are bound not only by a rich shared history and deep cultural connect, but also by immense business potential that remains largely untapped. He observed that while bilateral trade has crossed approximately USD 1.5 billion, it represents only a fraction of what the two economies can achieve together. The Minister said India offers Uzbekistan not only a large and growing market but also a reliable partner, a skilled and youthful workforce and a platform for innovation-led growth. Referring to the recently concluded Bilateral Investment Treaty between India and Uzbekistan, he said the agreement would enhance investor confidence and encourage businesses from both countries to invest in each other’s economies and build long-term partnerships.

Shri Goyal identified several sectors with strong complementarities that offer significant scope for bilateral collaboration. He said Uzbekistan presents substantial opportunities for Indian investment in the mining sector. He also highlighted the potential for cooperation in textiles, noting Uzbekistan’s strength in cotton production and India’s leadership in the textile industry, with opportunities to jointly expand into garment manufacturing, design and global markets. In the pharmaceutical and healthcare sectors, the Minister said India, recognised as the pharmacy of the world, can support Uzbekistan’s healthcare modernisation through affordable medicines, medical devices, diagnostics, telemedicine, training of doctors and paramedics, and quality healthcare services. He also proposed reviving cooperation in traditional systems of medicine such as Ayurveda, Yoga and Unani, which had historical links with the Uzbek region.

On agriculture and food processing, Shri Goyal said cooperation in food processing, packaging, cold chains and agri-tech could help build global value chains that benefit farmers in both countries while serving international markets through complementary strengths.The Minister also underlined India’s readiness to collaborate with Uzbekistan in information technology and the digital economy. He said India would be happy to work with Uzbekistan in developing Digital Public Infrastructure and strengthening cooperation in areas such as fintech, agri-tech and medtech. He further noted that engineering components, advanced manufacturing, automotive components and automobiles also offer promising avenues for future collaboration.

The Minister noted that Prime Minister Shri Narendra Modi and the President of Uzbekistan H.E. Mr. Shavkat Mirziyoyev have imparted new dynamism to bilateral relations by bringing the people of the two countries closer together and providing a clear political direction for the partnership. He emphasised that the full potential of the relationship can be realised only when businesses from both sides deepen engagement, expand economic ties, increase investments and create more employment opportunities.

Emphasising that trade must lead the bilateral relationship, Shri Goyal urged businesses to seize the opportunity to build enduring commercial partnerships. He called for eliminating trade barriers, promoting mutual recognition of standards, approvals, testing and certification processes, integrating customs systems through greater digitalisation, and creating more efficient trade routes to facilitate commerce. He said both governments are working towards a more structured, time-bound and outcome-oriented economic partnership and stressed that regulators and standard-setting authorities should also strengthen cooperation to facilitate businesses on both sides.

Addressing industry leaders, the Minister said, “This is your moment. Co-invest, co-manufacture and co-innovate. Build partnerships that are everlasting and which give companies on both sides scale, resilience and prosperity for the two economies and the people of Uzbekistan and India.” The Minister concluded by welcoming the visiting delegation and reaffirming India’s commitment to deepening the India-Uzbekistan economic partnership through stronger trade, investment and business collaboration.