Third Indo-U.S. Economic & Financial Partnership meeting to take place on Tuesday
A delegation of high-profile U. S. officials led by Treasury Secretary Timothy Geithner is coming to India to take part in third Indo-U. S. Economic & Financial Partnership meeting on Tuesday.
The two-day meeting is expected to set an agenda for economic partnership between the two countries over the next few years.
The U. S. officials will include Federal Reserve Chairman Ben Bernanke, and will hold numerous high-level meetings in New Delhi and Mumbai. They will hold a meeting with Indian Finance Minister P. Chidambaram on Tuesday in New Delhi and with Reserve Bank of India (RBI) Governor D. Subbarao on Wednesday in Mumbai.
Bernanke and Subbarao had also met last year in Washington during the second annual meeting of the Indo-U. S. Economic & Financial Partnership. This time, Bernanke will also meet the top brass of India's central bank.
Geithner will participate in a discussion hosted by the Confederation of Indian Industry (CII) and the U. S.-India Business Council.
Indian finance ministry is optimistic that U. S. delegation will listen to India patiently on areas of key concern as India has met most of U. S.' long-pending demands of opening multi-brand retail to foreign direct investment (FDI) and raising FDI cap in insurance.
The meetings will wrap up with a joint press conference of Chidambaram and Geithner.