US treasury secretary Tim Geithner to visit India from June 27-28

KOLKATA: The US Department of the Treasury, announced on Tuesday (June 12), that treasury secretary Tim Geithner will visit India on June 27-28, 2012. On Wednesday, June 27, the secretary will be in Delhi to participate in the third annual meeting of the US-India Economic and Financial Partnership with Indian finance minister Pranab Mukherjee.

On Thursday, June 28, 2012, secretary Geithner will visit Mumbai to meet with Reserve Bank of India ( RBI) governor Duvvuri Subbarao and also meet with Indian business leaders from a variety of industries.

The US-India Economic and Financial Partnership has served as a platform for greater cooperation on economic issues of importance to both nations.

Both countries recognise the importance of expanding bilateral economic engagement, given the rapid growth of US-India economic ties and the increasing range of global macroeconomic and financial issues on which the United States and India cooperate, said a statement from the US consulate general Kolkata.

Partnership activities over the last three years have focused on three broad areas - macroeconomic policy, the financial sector, and infrastructure financing.

Cabinet-level meetings, alternately held in the United States and India, have been led by secretary Geithner and minister Mukherjee, said the statement.

Working group meetings held throughout the year have advanced discussions on specific economic areas. In addition to discussing these activities, secretary Geithner will also discuss issues related to illicit finance, including the implementation of international sanctions.