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US treasury secretary to visit India next month

US treasury secretary to visit India next month
US treasury secretary Timothy Geithner would be paying two-day visit to India early next month for the third round of high-level economic dialogue between the two nations.

This would be the first high-level economic dialogue between India and the United States, after P Chidambaram took over as the finance minister.

During this India trip that would revolve around the India-US Economic Financial Partnership, Geithner would travel to Mumbai, besides New Delhi on October 9 and 10.

The visit was postponed early this year after the then finance minister, Pranab Mukherjee, resigned to contest presidential elections.

‘The US-India Economic and Financial Partnership has served as a platform for greater cooperation on economic issues of importance to both nations,’ the Department of Treasury had said in a statement on Wednesday.

‘Both countries recognise the importance of expanding bilateral economic engagement, noting the rapid growth of US-India economic ties and the increasing range of global macroeconomic and financial issues, including those related to illicit finance, on which the United States and India cooperate,’ Treasury Department said.

Geithner and Chidambaram would co-chair the third US-India Economic and Financial Partnership in New Delhi on 9 October.

Later that day, Geithner will participate in a moderated discussion hosted by the Confederation of Indian Industry and the US-India Business Council. On 10 October, Geithner will travel to Mumbai, the country’s financial center, to meet Reserve Bank of India Governor Duvvuri Subbarao, as well as Indian business leaders from a variety of industries. From India, Geithner would travel to Japan.
Agencies

Agencies

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