Pranab to address US-India economic summit Monday
June 26th, 2011 - 1:07 pm ICT by IANS
New Delhi, June 26 (IANS) Finance Minister Pranab Mukherjee will Monday address senior officials of the US government and top Indian and American businesses at an economic summit in Washington, jointly organised by the Confederation of Indian Industry (CII) and US-based policy think tank Brookings Institution.
The conference on US-India economic and financial partnership will also be addressed by US Secretary of Treasury Timothy F. Geithner.
The summit will focus on economic developments in both the countries with a view to eliciting synchronized policy actions, said a statement from CII.
“Infrastructure financing needs in both countries are to be a key component of the dialogue with particular emphasis on public-private partnerships and private sector engagement in financing,” said CII.
The day-long conference would include sessions on India’s economic potential, Indian financial markets, and availability of finance for infrastructure development in the South Asian economic giant.
India-US trade touched $48 billion in 2010-11.
Other than Mukherjee, the Indian government would be represented by Meera Shankar, Indian Ambassador to the US, U.K. Sinha, chairman of the Securities and Exchange Board of India, R. Gopalan, Secretary for Economic Affairs, Kaushik Basu, chief economic adviser to the Finance Ministry, and Subir Gokarn, deputy governor of the Reserve Bank of India.
From the US side, senior officials of the Treasury department, including Lael Brainard, under secretary for International Affairs, Charles Collyns, assistant secretary for International Finance, and Barry Gray, senior adviser in the office of technical assistance, will address the conference.
“The CII conference would advance the role of the private sector in US-India bilateral economic partnership,” said Chandrajit Banerjee, CII director general.
“Indian companies support some 300,000 jobs in the USA. CII believes that there is much untapped potential in bilateral trade and investment, given macroeconomic scenarios of both economies,” Banerjee added.
The CII delegation would be led by S. Gopalakrishnan, vice president of CII and chief executive of Infosys.
- US Treasury Under Secretary highlights growing US-India economic partnership - Mar 04, 2011
- India, US to begin dialogue to boost trade, investment - Jun 27, 2011
- US pushing India for faster economic reforms - Jun 25, 2011
- Pranab to attend US-India CEO Forum - Sep 21, 2011
- US-India CEO Forum to boost bilateral trade, investment - Sep 21, 2011
- India plugs trillion dollar opportunity in infrastructure (Daylead) - Jun 29, 2011
- India woos US with $1 trillion infrastructure business (Evening Lead) - Jun 29, 2011
- India, US to deepen ties in reforms, infrastructure finance - Jun 29, 2011
- India, US to expand trade, investment links; work together in G-20 (Lead) - Jun 29, 2011
- US to focus economic dialogue on India's vast potential (Lead) - Jun 23, 2011
- India invites US to help finance infrastructure projects (Second Lead) - Jun 29, 2011
- Mukherjee to lead high-level business delegation to US - Aug 18, 2011
- Mukherjee, Geithner discuss G20 agenda, meet CEOs - Nov 08, 2010
- US treasury secretary to discuss infrastructure investment in India - Apr 01, 2010
- India Inc looks forward to Obama visit - Nov 04, 2010
Tags: bank of india, brookings institution, cii, confederation of indian industry, economic adviser, economic giant, economic partnership, economic summit, exchange board, financial partnership, gopalan, indian ambassador, infrastructure development, pranab mukherjee, public private partnerships, reserve bank of india, secretary of treasury, securities and exchange board of india, treasury department, us secretary of treasury