With an eye on potential investors for various sectors, Union Finance P. Chidambaram will embark upon a four-day visit to the U.S.A. on Monday where he would hold high-level meetings with senior administrative officials and top business leaders discussing global economic scenario and investment opportunities in India.
During his visit starting July 9, Mr. Chidambaram would meet his U.S. counterpart and U.S. Treasury Secretary Jacob Lew and other senior officials in Washington. He is also likely to meet U.S. business leaders, including Walmart Asia CEO Scott Price, Boeing International President Sheperd W. Hill, Microsoft’s General Counsel and Executive Vice President (Legal and Corporate Affairs) Brad Smith. During his visit, he would deliver the key note address at the U.S.-India Business Council Leadership Summit on July 11.
“The Finance Minister is likely to discuss the issue of investment by U.S. companies in India, especially in infra sector, various policy measures taken by the government to boost investment in the country and tax-related matters among others,” an official statement said.
Mr. Chidambaram has been striving for increased foreign investment, especially in infrastructure, multi-brand retail and aviation sectors. India requires investment to the tune of $1 trillion in the 12th Five Year Plan ending March 2017 for development of various infrastructure projects.