FICCI President to lead CEOs delegation accompanying Jaitley to US

ANI | Updated: Oct 09, 2017 17:20 IST

New Delhi [India], Oct. 9 (ANI): A high-powered business delegation led by Pankaj R Patel, President, FICCI and Chairman and Managing Director, Zydus Cadila - Cadila Healthcare Ltd. is accompanying Union Finance Minister Arun Jaitley to the United States on his official visit from October 10 to 15.

Several engagements have been planned during the Finance Minister's visit to the US. Prominent amongst these is the round-table with Institutional Investors which FICCI is jointly organising with National Investment and Infrastructure Fund (NIIF) and US India Strategic Partnership Forum (USISPF) on 'Indian Economy - The Road Ahead' on October 11 in Boston.

Senior management representatives from some of the largest funds in the US will be participating at this meeting and interacting with Jaitley and members of the FICCI delegation. Later the same day, the Finance Minister will deliver a lecture on 'India's Tax Reforms' at Harvard University, where members of the FICCI delegation would also join.

During Jaitley's visit to Washington to attend Fund-Bank meetings, FICCI is organising a special interactive session with him at the International Monetary Fund (IMF) Headquarters on October 12.

The session will be attended by several senior officials representing institutional investors, financial institutions, investment banks, research institutions and think tanks.

This meeting is highly significant as the participants play a key role in shaping decisions in their respective organisations and firming up views with regard to the global economy and major emerging markets like India.

Some of the subjects to be discussed at this meeting include the state of Indian economy and its outlook, major reforms which have been undertaken by the government, national development programs initiated over the last three years, and the structural changes taking place in the Indian economy such as those related to the GST and digitisation.

FICCI delegation will also attend an evening reception hosted by USISPF for the Finance Minister on October 13.

These meetings will be critical to strengthening bilateral co-operation between businesses in the two countries. FICCI team will also get an opportunity to share updates on various reform measures being initiated in the country and highlight the potential investment opportunities and areas of co-operation for US businesses in India.

The delegation comprises industry and business heads from diversified sectors. Dr. Sanjaya Baru, Secretary General, FICCI; Rashesh C Shah, Senior Vice President, FICCI and Chairman, Edelweiss Financial Services; Harshavardhan Neotia, Immediate Past President, FICCI and Chairman, Ambuja Neotia Group; Rajan Bharti Mittal, Past President, FICCI and Vice Chairman, Bharti Enterprises and Uday Shankar, Chairman and CEO, Star India will also be part of the delegation. (ANI)