Mizuho Bank has formed a strategic partnership with Invest India, marking the first collaboration between a Japanese financial institution and the Indian government-backed investment agency, as Japan seeks to strengthen its foothold in India’s rapidly expanding clean energy sector.
The agreement, formalized through a memorandum of cooperation signed in New Delhi by Mizuho Bank Managing Executive Officer Yasuhiko Ushikubo and Invest India CEO Nivruti Rai, establishes a framework for Japanese companies to access India’s growing sustainability market.
Invest India will create a dedicated Japan-focused office to streamline pre-investment consultations and market entry procedures. Meanwhile, Mizuho will identify Japanese decarbonization companies interested in the Indian market and provide financing support.
“This partnership with Mizuho Bank will start from sustainability and decarbonization-related areas and then be expanded to other sectors of mutual interest,” Rai said in the announcement.
The alliance comes as India pushes forward with ambitious clean energy targets, aiming to install 500 GW of non-fossil fuel capacity by 2030. The nation’s clean energy investments reached $68 billion in 2023, up nearly 40% from previous years, but requires significant additional capital to meet climate goals while managing its surging energy demand.
For Mizuho, the partnership extends its growing portfolio of sustainability initiatives, which already includes significant investments in renewable energy projects across Asia and participation in green financing frameworks.
