The Union Finance Minister, Mr Arun Jaitley, highlighted the initiatives under “Make in India” and called upon Japanese companies to set up facilities in India for manufacture of rolling stock for metro rail projects during the bilateral discussion with the Finance Minister of Japan, Mr Taro Aso. Both Ministers noted the growing synergy between India and Japan and committed themselves towards working closely to further expand India-Japan bilateral economic cooperation.
Later, Mr Jaitley had a meeting with the Asian Development Bank (ADB) President, Mr Takehiko Nakao, and discussed India-ADB bilateral engagements. While noting with satisfaction that India today is the largest client of ADB, Mr Jaitley urged Mr Nakao to ensure that since ADB provides services to developing member countries, the bank should ensure that primacy is accorded to the views of developing countries in ADB’s operations and resource planning.
Mr Jaitley is on a three-day official visit to Japan to participate in the Annual Meeting of Board of Governors’ of ADB, among other things. During his visit, the Finance Minister is being accompanied by Mr Shaktikanta Das, Secretary, Department of Economic Affairs (DEA), and other senior officials of the Ministry of Finance, said a release.
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