Yokohama, May 7: India and Japan are working more closely in recent days. The growing synergy between India and Japan is noticeable. In his visit to Japan, Finance Minister Arun Jaitley, during the bilateral discussion with the Finance Minister of Japan, Taro Aso called upon Japanese companies to set up facilities in India for the metro rail projects.
This year Japan is hosting Annual Meeting of Board of Governors’ of Asian Development Bank (ADB). Arun Jaitley is on a three-day official visit to Japan to participate in the Annual Meeting. Shaktikanta Das, Secretary, Department of Economic Affairs (DEA) and other senior officials of the Ministry of Finance are accompanying the finance minister during this visit.
To further expand India-Japan bilateral economic cooperation, India and Japan and committed them towards working closely. The initiatives under Make in India have been highlighted by Jaitley to develop the better economic relation with Japan.
Jaitley also had a meeting with the Asian Development Bank (ADB) President, Takehiko Nakao and discussed India-ADB bilateral engagements. The most satisfying fact he mentioned that now India is the largest client of ADB. Since ADB provides services to Developing Member Countries, it’s operations and resource planning should give importance to the views of developing countries in ADB’s operations and resource planning.