India’s Finance Minister (FM) Arun Jaitley participated in the G-20 finance Ministers and Central Bank Governors Meeting in Washington D.C. on 15th April 2016. G20 is a premier forum for international economic cooperation.
As part of the meeting, a bilateral meeting with the Minister of Finance of Luxembourg, Mr. Pierre Gramegna was held.
Finance Minister stated that Luxembourg is an important source of FDI for India and there is a huge potential to increase it further.
Finance Minister also sought support of Luxembourg for information sharing in the area of taxation and cross border financial flows.
Finance Minister also held a courtesy meeting with Minister of State for Finance and Planning of Bangladesh Mr. M.A Mannan. Finance Minister conveyed that India continues to attach the highest importance to her relations with Bangladesh.
Both sides showed satisfaction over the progress of ‘Maitree’ Power Project, which would be the largest power plant in Bangladesh. BHEL has been awarded the execution of this project.
The Bangladesh Minister sought support of India for regional connectivity projects. Finance Minister assured full support of India on the issue.
