Asian Development Bank head meets PM

Visting Asian Development Bank President Haruhiko Kuroda is expected to meet FM P Chidambaram and Commerce Minister Kamal Nath later in the day.

NEW DELHI: Asian Development Bank President Haruhiko Kuroda, who is on a six-day visit to India, today met Prime Minister Manmohan Singh.

Kuroda is also expected to meet Finance Minister P Chidambaram and Commerce Minister Kamal Nath later today.

The Manila-based multilateral lending agency is in the process of finalising its country's partnership strategy with India for the next five years.

The ADB President had already met industry representatives at a CII function on Thursday.

At the function, Kuroda said India can achieve an economic growth rate of 10-11 per cent with improved infrastructure.

Infrastructure development in India could increase the rate of Gross Domestic Product (GDP) growth from the current level of 8-9 per cent to about 10-11 per cent, as seen in the case of China, he had said.
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While discussing the problems concerning infrastructure financing, he had said public private partnership (PPP) model can help the country in mobilising long-term resources needed for upgrading infrastructure facilities.

He will go to Chennai tomorrow to review ADB's tsunami rehabilitation projects, ADB officials said.
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