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Finance Minister meets ADB President, lauds support to India
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IANS | 21 Feb, 2023
Finance Minister Nirmala Sitharaman on Tuesday met Asian Development
Bank (ADB) President Masatsugu Asakawa, and acknowledged the swift
response and support provided by the institution to all its developing
member countries, including India during the Covid-19 pandemic.
She also appreciated the ADB's support to India's G20 Presidency priorities.
Asakawa is on his maiden visit to India after taking over as ADB's President in 2020.
Sitharaman
encouraged the ADB to complement India's efforts towards infrastructure
creation, livelihood generation, green and sustainable growth as well
as boosting private investment, through its financial as well as
knowledge resources.
Asakawa congratulated the Finance Minister
for Indian economy's post pandemic recovery and stated that despite the
disruptions caused by the pandemic, India remains the fastest growing
major economy with expected 7 per cent growth in fiscal year 2022-23.
Sitharaman
suggested to Asakawa that the ADB may attune its priorities to
government's vision for initiatives like energy transition, PM
GatiShakti, logistics policy, industrial corridors, climate change
adaptation, circular economy, health, Mission Karmayogi, and Skill India
programme.
The ADB President complimented Sitharaman for India's
G20 presidency and conveyed ADB's support for various initiatives India
has taken under this.
He welcomed Sitharaman's prioritisation of green growth in the budget for 2023-2024.
He also appreciated the government's vision for mission LiFE connecting individuals to the cause of environment.
The
Finance Minister stressed on laying the foundation for India@100. In
this light, the two leaders also discussed India-ADB Country Partnership
Strategy 2023-2027, which is being finalised.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
84.35
|
82.60 |
UK Pound
|
106.35
|
102.90 |
Euro
|
92.50
|
89.35 |
| Japanese
Yen |
55.05 |
53.40 |
| As on 12 Oct, 2024 |
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