<p>After selling India story to investors in Hong Kong, Singapore and Europe, Finance Minister P Chidambaram is leaving for Japan tomorrow to attract foreign investment.<br /><br /></p>.<p>Chidambaram would meet his Japanese counterpart and institutional investors during his three-day official visit to Japan, sources said.<br /><br />The Finance Minister will be accompanied by Department of Economic Affairs Secretary Arvind Mayaram and Chief Economic Advisor Raghuram Rajan, they said.<br /><br />Chidambaram is likely to talk about steps taken by the government to speed up large projects and measures to bring down fiscal deficit.<br /><br />He would also seek investments into various sectors, mainly infrastructure for which the government has pegged expenditure at nearly USD 1 trillion during the 12th Plan (2012-17).<br /><br />He may also highlight the measures proposed in the Budget 2013-14 for markets and investment to help the economy grow at 6.1-6.7 per cent next year.<br /><br />India is betting big on foreign resources to finance the Current Account Deficit (CAD), which has widened to record high of 6.7 per cent in October-December quarter of the current fiscal driven by heavy oil and gold imports and muted exports.<br /><br />Japan has been a key partner of India in the latter's efforts to boost infrastructure development.<br /><br />In his earlier meetings with the investor community in Hong Kong, Singapore, Frankfurt and London in January, Chidambaram had expressed India's commitment to economic reforms.</p>
<p>After selling India story to investors in Hong Kong, Singapore and Europe, Finance Minister P Chidambaram is leaving for Japan tomorrow to attract foreign investment.<br /><br /></p>.<p>Chidambaram would meet his Japanese counterpart and institutional investors during his three-day official visit to Japan, sources said.<br /><br />The Finance Minister will be accompanied by Department of Economic Affairs Secretary Arvind Mayaram and Chief Economic Advisor Raghuram Rajan, they said.<br /><br />Chidambaram is likely to talk about steps taken by the government to speed up large projects and measures to bring down fiscal deficit.<br /><br />He would also seek investments into various sectors, mainly infrastructure for which the government has pegged expenditure at nearly USD 1 trillion during the 12th Plan (2012-17).<br /><br />He may also highlight the measures proposed in the Budget 2013-14 for markets and investment to help the economy grow at 6.1-6.7 per cent next year.<br /><br />India is betting big on foreign resources to finance the Current Account Deficit (CAD), which has widened to record high of 6.7 per cent in October-December quarter of the current fiscal driven by heavy oil and gold imports and muted exports.<br /><br />Japan has been a key partner of India in the latter's efforts to boost infrastructure development.<br /><br />In his earlier meetings with the investor community in Hong Kong, Singapore, Frankfurt and London in January, Chidambaram had expressed India's commitment to economic reforms.</p>