Jaitley urges Japanese companies to establish operations in India

Union Finance Minister Arun Jaitley, while highlighting the initiatives under 'Make in India,' called upon Japanese companies to set up facilities in India for manufacture of rolling stock for the metro rail projects, during the bilateral discussion with the Finance Minister of Japan, Taro Aso.

During his three-day official visit to Japan to participate in the Annual Meeting of the Board of Governors of Asian Development Bank (ADB), Jaitley and Aso noted the growing synergy between India and Japan and committed themselves towards expanding India-Japan bilateral economic cooperation.

Jaitley also had a meeting with the ADB President Takehiko Nakao to discuss India-ADB bilateral engagements. While noting that India today is the largest client of ADB, Jaitley urged the President 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.