Jaitley invites Japanese cos to invest in India

Union Finance Minister Arun Jaitley has urged Japanese companies to set up facilities in India for manufacture of rolling stock for metro rail projects.

In his address at the annual meeting of the Board of Governors of the Asian Development Bank in Japan, he also asked the 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.

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, according to the official statement in New Delhi.

Image credit: ste.india.com

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