Finance Minister Arun Jaitley today called upon Japanese companies to set up facilities in India for manufacture of metro rail projects. <br/><br/>During a bilateral discussion with the Finance Minister of Japan, Mr Taro Aso, in Yokohama, Mr Jaitley highlighted the initiatives under Make in India initiative. <br/><br/>Mr Jaitley also had a meeting with the Asian Development Bank (ADB) President, Mr Takehiko Nakao and urged the ADB to ensure primacy to the views of developing countries in its operations. <br/><br/>The Finance Minister is attending an Annual Meeting of Board of Governors' of Asian Development Bank (ADB) which is being held in Japan. <br/><br/>

Finance Minister Arun Jaitley today asked Asian Development Bank, ADB to ensure primacy is accorded to views of developing countries in operations of the multilateral lending agency. <br/><br/>The Finance Minister expressed the views in his meeting with ADB President Takehiko Nakao in Yokohama. He also held bilateral discussions with Japanese Finance Minister Taro Aso.<br/><br/>During the meeting with his Japanese counterpart, Mr 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. <br/><br/>An official statement said, 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.<br/><br/>Mr Jaitley is on a three-day official visit to Japan to participate in the Annual Meeting of Board of Governors' of Asian Development Bank, among other engagements. <br/><br/>The Finance Minister is being accompanied by Economic Affairs Secretary Shaktikanta Das and other senior officials of the Ministry of Finance. <br/><br/>