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FM to lead business delegation to US

August 18, 2011 12:56 IST
An Indian delegation led by Finance Minister Pranab Mukherjee will travel to Chicago, New York and Washington next month to pitch for American investment in Indian business opportunities, particularly in the infrastructure sector.

Accompanied by several Indian Cabinet ministers, top officials and corporate leaders, Mukherjee - who is scheduled to travel to Washington in the third week of September to attend the annual meeting of the World Bank and International Monetary Fund - will travel to New York City to kick off the eighth annual Institutional Investors' Forum meeting, beginning September 21.

The annual event being organised by the Federation of Indian Chambers of Commerce and Industry focuses on the investment potential offered by India's infrastructure sector, which is projected to require $1 trillion over the coming years to sustain the country's economic growth rate.

Commerce and Industry Minister Anand Sharma, Power Minister Sushil Kumar Shinde and Renewable Energy Minister Farooq Abdullah would also address the forum, which is likely to witness record attendance by more than 500 top American corporate executives.

FICCI President Harsh Mariawalah will lead a high-power, 20-member delegation of Indian corporates to the Investors' Forum meeting, which would arrive in New York City after participating in the 'US-India Economic Opportunities and Synergies Summit' on September 20, which is being organised by the prestigious Executive Club of Chicago.

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