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India demands to set up a regional hub of ADB in New Delhi

  • Yokohama: The Union Finance Minister Shri Arun Jaitley asked the Asian Development Bank (ADB) to set up a regional hub in New Delhi for the South Asia region in order to keep pace with the growing aspirations of the people and to expedite the process of project preparation and delivery for India and other countries in the region. He also urged the Bank to adopt country system for procurement, social and environmental safeguards expeditiously. He was addressing the Board of Governors of the ADB at its 50th Annual Meeting at Yokohama, Japan. The Finance Minister was accompanied by Shri Shaktikanta Das, Secretary, Department of Economic Affairs, who is also the Alternate Governor of India to ADB.
  • The Union Finance Minister Shri Arun Jaitley congratulated the Asian Development Bank (ADB) on completing its 50 years and serving the people of Asia-Pacific region. While lauding the efforts of the Bank in eliminating poverty in the region through development of physical and social infrastructure, Shri Jaitley called for a greater focus on renewable energy keeping in view our commitment to tackle climate change.
  • In urban development, especially in the sectors of drinking water and sanitation, Shri Jaitley underlined the major challenges faced by many developing countries in making the system work without having to depend much on the budgetary support from the national governments. He urged the Bank to promote sustainable models that will address these challenges. He called upon ADB to focus on climate resilient agriculture, better farm production technologies, improved value chain management and creation of better marketing infrastructure for farm produce.
  • The Union Minister of Finance, Defence and Corporate Affairs, Shri Arun Jaitley is on a three-day official visit to Japan to participate in the Annual Meeting of Board of Governors’ of Asian Development Bank (ADB) among others. During his visit, the Finance Minister is being accompanied by Shri Shaktikanta Das, Secretary, Department of Economic Affairs (DEA) and other senior officials of the Ministry of Finance.
The Union Minister for Finance, Corporate Affairs and Defence, Shri Arun Jaitley at a bilateral meeting with the Finance Minister of Japan, Mr. Taro Aso, on the sidelines of the annual Asian Development Bank Board of Governors’ meeting, in Yokohama, Japan on May 07, 2017.
Minister of Japan, Mr Taro Aso; calls upon Japanese companies to set up facilities in India
  • The Union Finance Minister Shri 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 the metro rail projects during the bilateral discussion with the Finance Minister of Japan, Mr Taro Aso. Both the Ministers noted the growing synergy between India and Japan and committed themselves towards working closely to further expand India-Japan bilateral economic cooperation.
  • Later, Shri Jaitley also 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 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.
  • Shri Arun Jaitley is on a three-day official visit to Japan to participate in the Annual Meeting of Board of Governors’ of Asian Development Bank (ADB) among others. During his visit, the Finance Minister is being accompanied by Shri Shaktikanta Das, Secretary, Department of Economic Affairs (DEA) and other senior officials of the Ministry of Finance.
The Union Minister for Finance, Corporate Affairs and Defence, Shri Arun Jaitley meeting the Finance Minister of Japan, Mr. Taro Aso, on the sidelines of the annual Asian Development Bank Board of Governors’ meeting, in Yokohama, Japan on May 07, 2017.

About Sanjay Trivedi

Sanjay Trivedi is honorary editor of Asia Times. He is senior Indian Journalist having vast experience of 25 years. He worked in Janmabhoomi, Vyapar, Divya Bhaskar etc. newspapers and TV9 Channel as well as www.news4education.com. He is serving as Media Officer in Gujarat Technological University, the university which controlling 440 colleges of Engineering, Management, Pharmacy & Architecture colleges in Gujarat.

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