Piyush Goyal Meets SMBC Executive to Strengthen India-Japan Financial Ties

Union Minister for Commerce and Industry Piyush Goyal met Yoshihiro Hyakutome, Deputy President Executive Officer at Sumitomo Mitsui Banking Corporation (SMBC) Group, during his ongoing engagement with Japanese business and financial leaders.

Met with Mr. Yoshihiro Hyakutome, Deputy President Executive Officer at Sumitomo Mitsui Banking Corporation (SMBC) Group.

Exchanged views on new opportunities to deepen India-Japan financial ties. We also discussed how both countries have great potential to further strengthen… pic.twitter.com/I7uhnofr2r

— Piyush Goyal (@PiyushGoyal) August 26, 2026

During the meeting, Goyal and Hyakutome exchanged views on new opportunities to deepen financial ties between India and Japan. Discussions also focused on the potential for both countries to expand investments and strengthen cooperation in the banking sector.

Goyal highlighted the significant scope for greater India-Japan collaboration in financial services, with increased investment and banking cooperation offering opportunities to support economic growth and business partnerships in both countries.

The meeting comes amid India's efforts to strengthen economic and investment ties with Japan across key sectors. Greater cooperation between Indian and Japanese financial institutions could further facilitate cross-border investments and create new opportunities for businesses.