WASHINGTON: U.S. Treasury Secretary Jacob L Lew will visit India soon to participate in the U.S.-India Economic and Financial Partnership meeting and to further strengthen bilateral cooperation on important economic issues.
It will be the first Cabinet level visit after the successful visit of U.S. President Barack Obama to India last month.
“Following-up on President Obama’s recent visit to India, the Secretary will visit Mumbai and Delhi to further our cooperation on economic issues of importance to both nations,” the Treasury said in a statement.
Lew, 59, will be in Mumbai for meetings with Reserve Bank of India Governor Raghuram Rajan and other Indian business and financial leaders on February 11.
The next day he will visit New Delhi to co-chair the fifth annual meeting of the U.S.—India Economic and Financial Partnership with Union Finance Minister Arun Jaitley.
“This meeting will focus on the state of the economy and outlook in India and the United States, as well as the Indian government efforts to advance economic reforms, encourage investment, and boost growth,” the Treasury said.
“The United States and India recognise the importance of expanding bilateral economic engagement, noting the rapid growth of U.S.-India economic ties and the increasing range of global macroeconomic and financial issues on which the U.S. and India cooperate,” it said.
Ahead of Barack Obama’s visit, India and the U.S. had launched an investment initiative to focus on capital market reforms and policy measures that would help spur long-term investment by American investors in India.
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