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Power-packed business day

business Updated: Nov 07, 2010 22:19 IST
Gaurav Choudhury
Gaurav Choudhury
Hindustan Times
Highlight Story

While President Barack Obama shuttles between landmark buildings that signal diplomatic interactions on Monday, a clutch of high-profile CEOs will be sitting in separate huddles tying up loose ends of a multi-faceted business engagement between the world’s two largest democracies.

The US President’s special address to members of parliament in the evening will be preceded a string of meetings between industry captains and government officials.

Finance minister Pranab Mukherjee and U S treasury secretary Timothy Geithner will hold a special discussion on financial innovation and inclusion, while commerce minister Anand Sharma and US commerce secretary Gary Locke are expected to participate in a business session on taking Indo-US economic ties to the “next level.”

Planning commission deputy chairperson Montek Singh Ahluwalia will address a special session at a summit organised by the Confederation of Indian Industry and the US India Business Council titled “India-US: An Agenda For Co-Creation.”

“India is in focus, not only because it is a growing market but also because Indian industry is creating jobs elsewhere, including the US,” said a top Indian industrialist.

The US India CEO Forum is also organising a clutch of meetings to discuss deals, a business leader who asked not to be identified, told HT.

A dozen chosen corporate leaders from each country will join Prime Minister Manmohan Singh and Obama at a luncheon meeting at Hyderabad House.

Invitees include Tata Sons chairman Ratan Tata, PepsiCo head Indra Nooyi, Reliance Industries chairman Mukesh Ambani, ICICI Bank MD Chanda Kochchar, Infosys CEO S. Gopalakrishnan and HDFC Ltd chairman Deepak Parekh.