Union Minister of Commerce and Industry Piyush Goyal met with senior leadership of Nippon Paint Holdings Co., Ltd. and Nippon Paint India Managing Director Sharad Malhotra during his four-day visit to Japan.
The meeting focused on strengthening India-Japan collaboration in the paints and coatings industry, while also exploring opportunities arising from India’s growing manufacturing and infrastructure sectors.
The interaction formed part of a wider series of engagements during Goyal’s visit, aimed at strengthening trade and investment ties between India and Japan under the two countries’ Special Strategic and Global Partnership.
The discussions highlighted the potential for greater industry cooperation as India continues to expand its manufacturing capabilities and infrastructure development. Nippon Paint’s engagement with the Indian market also reflects its continued focus on supporting the country’s long-term growth and industrial development.
The meeting brought together government and industry stakeholders to discuss opportunities for deeper collaboration, investment and technology-driven growth in the paints and coatings sector.
The Nippon Paint leadership delegation, led by Mr. Yuichiro Wakatsuki, Director, Representative Executive Officer & Co-President of Nippon Paint Holdings Co. Ltd., and Mr. Sharad Malhotra, Managing Director, Nippon Paint (India) Group, outlined its continued investment and growth commitment to the Indian market.
“India continues to be one of the most important growth markets for Nippon Paint Holdings. As the country’s manufacturing and infrastructure ambitions accelerate, we see significant opportunity to deepen our presence and contribute meaningfully to India’s coatings industry. This meeting with Minister Goyal reflects the strength of the India-Japan partnership, and we remain committed to India’s long-term growth story”, said Mr. Yuichiro Wakatsuki, Director, Representative Executive Officer & Co-President, Nippon Paint Holdings Co., Ltd. post his meeting with the Union Minister.
“For Nippon Paint India, this engagement with the Hon’ble Minister on his pathbreaking visit to Japan reflects the ambition we bring to the Indian market. We are focused on expanding our footprint and market share across all paint segments in India and we are building a business that matches the scale of Nippon Paint globally. Alongside, we are also focused on expanding R&D and manufacturing in India for the domestic and the world market”, Mr. Sharad Malhotra, Managing Director, Nippon Paint (India) Group added.
Nippon Paint’s engagement in India reflects the Group’s broader commitment to deepening investment from Japan into the country, in line with the strengthening economic partnership between the two nations. The meeting reaffirmed Nippon Paint India’s ‘India-First’ strategy – an India-anchored approach to growth built on manufacturing strength, disciplined execution and deep local market relevance.
With continued investment in expanding its operations, Nippon Paint India aims to establish itself as a leading player in the country’s paints and coatings industry, with a growing presence across all categories – catering to the full spectrum of the Indian market.
