The Union Finance Minister Shri P.Chidambaram will be leaving on a four day visit from 9th to 12th July, 2013 to United States of America (USA) tomorrow. The Finance Minister Shri Chidambaram will arrive in Washington DC on 9th June, 2013. During his visit, the Finance Minister Shri Chidambaram will deliver the Key Note Address at the Plenary Session of US India Business Council 38th Leadership Summit on 11th July, 2013.

During his stay in US Capital, the Finance Minister Shri Chidambaram is also expected to meet the leading US business leaders including Mr Brad Smith, Microsoft`s General Counsel and Executive Vice President, Legal and Corporate Affairs, Mr Pat Dewar, CEO, Lockheed Martin International, Mr.Scott Price, CEO, Asia, Walmart, Mr Henri Croupon, CEO, ILFC and Mr Sheperd W. Hill, President, Boeing International among others. The Finance Minister is likely to discuss the issue of investment by US companies in India especially in infra sector, various policy measures taken by the Government to boost investment in the country and tax related matters among others.

Beside above, the Finance Minister Shri Chidambaram will also meet his US counterpart and US Treasury Secretary, Mr Jacob Lew during his visit. The Finance Minister is also expected to meet Senator Max Baucus (D-MT), Chairman, Senate Finance Committee and Senator Warner (D-VA), Co-Chair, Senate India Caucus during his stay in Washington DC.

The Finance Minister will leave for back home on 12th July, 2013 and will arrive in the national capital on 14th July, 2013.

DSM

(Release ID :97071)

Investment promotion talks to focus on US companies' investment in India and related tax and policy measures. The Finance Minister's official US visit aims to promote US investment in India by presenting government policy measures, addressing tax-related matters, and engaging with US business leaders and financial policymakers, including a keynote at the US-India Business Council leadership summit and bilateral meetings on infrastructure and investment promotion.