Don’t miss the latest developments in business and finance.

Jaitley to meet FIIs, CEOs on US visit

The finance minister will give details regarding broad policy agenda for reviving India's growth while balancing inflation

Arun Jaitley
BS Reporter New Delhi
Last Updated : Jun 17 2015 | 12:42 AM IST
Finance Minister Arun Jaitley is embarking on a nine-day, three-city visit of the United States in a bid to attract investments and dispel misgivings about India's taxation regime. Jaitley is scheduled to fly out of New Delhi on Tuesday night.

Jaitley, who will be accompanied by Finance Secretary Rajiv Mehrishi and other senior government officials, will visit New York and Washington DC, followed by San Francisco, the finance ministry said in a statement.

"The finance minister will give details regarding broad policy agenda for reviving India's growth while balancing inflation and what India expects from long-term investors and strategists to support its growth agenda and how the government is focused on making India an easier destination to do business," the release said.

Also Read

"The finance minister will also give details regarding the role the foreign investors and companies can play in building-out infrastructure in sectors like power, roads, highways and ports among others," it stated.

Jaitley will first visit New York for three days and will hold meetings with executives of top US Companies. He would also meet the management of New York Stock Exchange (NYSE) and select top CEOs of US financial companies, the release said. On June 18, Jaitley will also address the select gathering of portfolio managers from foreign institutional investors (FIIs) as well as the executives of US companies operational in India, across sectors.

The finance minister will give a talk on "One Year After: Progress on Economic Reforms in India" at the Columbia School of Business. There he will brief the students, alumni and faculty of Columbia University on the achievements of the Narendra Modi government. Thereafter, in Washington DC, he is expected to again meet senior officials of US companies and address a press conference. The minister will stay in the US capital for two days and will leave for San Francisco on June 21 where he will meet more investors.

A delegation of industry body Ficci, headed by its President Jyotsna Suri, will accompany Finance Minister Arun Jaitley on his visit to the US.

More From This Section

First Published: Jun 17 2015 | 12:26 AM IST

Next Story