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.
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.
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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