America
Jaitley to embark on 10-day US visit from Tuesday
New Delhi, June 14
Union Finance Minister Arun
Jaitley will leave here on Tuesday on a 10-day US visit during which he
will meet US Secretary of Treasury Jacob Lew, foreign institutional
investors (FIIs) and US industry leaders.
An official source here
told IANS that Jaitley's US itinerary during the visit, ending on June
25, embraces New York, Washington and San Francisco cities.
In
the US capital Washinton, the finance minister is slated to meet the US
treasury secretary and in San Francisco he will hold a round-table with
the US-India Business Council.
While in New York, Jaitley will
interact with the officials of the New York Stock Exchange, meet FIIs
and address students of two institutes, the source said.
India has received $1.82 billion in foreign direct investment from the US in 2014-15.
Having
opened up several sectors to foreign investment, India has been
projecting itself as a favourable destination for attracting foreign
funds.
The government has relaxed FDI norms in various sectors, including insurance, railways and medical devices.
In
various public fora periodically, Jaitley has been assuring investors
of a non-adversarial tax regime, saying the government has no intention
of taxing firms retrospectively and will make it easier to do business
in India.
The most recent promising news in this regard came on
Friday when official data showed that the country's factory output for
April showed sharp rise of 4.1 percent, from 2.1 percent reported for
the previous month.