Uncle Sam’s calling card: US’ Geithner in India | business | Hindustan Times
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Uncle Sam’s calling card: US’ Geithner in India

business Updated: Apr 05, 2010 20:35 IST
HT Correspondent
HT Correspondent
Hindustan Times
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US Treasury Secretary Timothy Geithner arrives in India on Monday night to launch the Indo-US Economic and Financial Partnership and “establish a long-term” relationship with India.

He will hold discussions with Prime Minister Manmohan Singh, Finance Minister Pranab Mukhherjee and Planning Commission Deputy Chairman Montek Singh Ahluwalia.

Federal Reserve Vice Chairman Donald Kohn as well as a number of other senior officials will accompany him from the administration.

Geithner will hold a meeting with Mukherjee, after which both will lead their delegations in discussions of bilateral and global macroeconomic and financial-sector issues.

The discussions will be carried forward in greater depth in a number of working groups that will take place in the afternoon with number of Indian and U.S. senior officials.

Geithner and Mukherjee are scheduled to address a joint press conference later in the day.

On Wednesday the Treasury Secretary will travel to Mumbai.

There will be a roundtable discussion with US financial firms and Indian entrepreneurs to explore strategies and business models being utilised in India to expand banking services to under-serviced areas.

Geithner will also meet with a group of top Indian CEOs to learn more about the views of the business community on growth and job creation in the US and in India.

In a pre-trip interview with a group of Indian media, Geithner had said “India is economically and strategically important” for the US and the main purpose of his visit to New Delhi and Mumbai is to “establish a long-term” relationship with India.