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Mr. H. Takenaka, Japanese Minister for Economic & Fiscal Policy called on Finance Minister Shri P. Chidambaram, here today. He conveyed his Government’s condolences on the loss caused by tsunami in India.
Both the Ministers had wide ranging discussions on macro economic situation in the two countries. Shri Chidambaram outlined India’s strategy for accelerating economic growth and to improve infrastructure. He emphasized the importance of investments for accelerating economic growth. The Finance Minister also highlighted the importance of both private and public sector for the development of infrastructure and plans of the Government in this regard. Giving details about India’s “look east” policy, the Finance Minister emphasized the need to strengthen India’s relationship with countries in the East and South East Asia and ASEAN.
The Japanese Minister spoke about the complementarities between the two economies in many fields and the need to take advantage of these in order to accelerate economic growth and realize the full potential of the relationship. Shri Chidambaram welcomed these suggestions. The two Ministers also discussed the need to increase people to people exchanges and the blueprint for tax reforms in India and Japan.
BSC/BY/GN-14/5
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