<p>''The newly-formed partnership aims to strengthen bilateral engagement and understanding on macroeconomic, financial sector and infrastructure-related issues," the Treasury Department said in a statement.<br /><br />This would be the first visit of Geithner to India as the Treasury Secretary, who had spent his childhood in Mumbai.<br /><br />The two-day trip starting on April 6 would take Geithner to New Delhi and Mumbai.<br /><br />Besides launching the US-India Economic and Financial Partnership in New Delhi on April 6, the treasury secretary is scheduled to meet Indian and American business leaders in Mumbai on April 7.<br /><br />The US-India Economic and Financial Partnership, the formation of which was announced during the State visit of Prime Minister Manmohan Singh in November last year, will serve as a platform for greater cooperation on economic issues of importance to both nations, an official release said.<br /><br />Both countries recognise the importance of expanding bilateral economic engagement, noting the rapid growth of US-India economic ties and the increasing range of global macroeconomic and financial issues on which the United States and India cooperate, it said.<br /><br />"The partnership will focus on three broad areas for discussion -– macroeconomic policy, the financial sector and infrastructure financing -– and will meet at the cabinet level, alternately in the United States and India, led by Geithner and Finance Minister Pranab Mukherjee. <br /><br />Working group meetings will be held throughout the year to advance discussions on specific economic areas," the statement said.<br /><br />"India is an emerging global power and a country with which the United States has an increasingly important economic and financial relationship," Geithner had said in a statement on November 24, after he and Mukherjee announced the formation of the partnership following the meeting between the Prime Minister and US President Barack Obama at the White House.<br /><br />"I look forward to working closely with my Indian counterparts through the Partnership to advance cooperation on the growing number of economic issues of interest to our two nations," Geithner said.<br /><br />The Economic and Financial Partnership is a significant elevation of existing bilateral and multilateral economic dialogue between the United States and India, and will serve as a platform for greater cooperation on economic issues of importance to both nations.<br /><br />The partnership, according to the statement, will focus on three broad areas for discussion - macroeconomic policy, the financial sector, and investment development, and will meet at the Cabinet level once a year, alternately in the United States and India, led by Geithner and Mukherjee.<br /><br />Working group and sub-cabinet level meetings will be held throughout the year to advance discussions on specific economic policy areas.</p>
<p>''The newly-formed partnership aims to strengthen bilateral engagement and understanding on macroeconomic, financial sector and infrastructure-related issues," the Treasury Department said in a statement.<br /><br />This would be the first visit of Geithner to India as the Treasury Secretary, who had spent his childhood in Mumbai.<br /><br />The two-day trip starting on April 6 would take Geithner to New Delhi and Mumbai.<br /><br />Besides launching the US-India Economic and Financial Partnership in New Delhi on April 6, the treasury secretary is scheduled to meet Indian and American business leaders in Mumbai on April 7.<br /><br />The US-India Economic and Financial Partnership, the formation of which was announced during the State visit of Prime Minister Manmohan Singh in November last year, will serve as a platform for greater cooperation on economic issues of importance to both nations, an official release said.<br /><br />Both countries recognise the importance of expanding bilateral economic engagement, noting the rapid growth of US-India economic ties and the increasing range of global macroeconomic and financial issues on which the United States and India cooperate, it said.<br /><br />"The partnership will focus on three broad areas for discussion -– macroeconomic policy, the financial sector and infrastructure financing -– and will meet at the cabinet level, alternately in the United States and India, led by Geithner and Finance Minister Pranab Mukherjee. <br /><br />Working group meetings will be held throughout the year to advance discussions on specific economic areas," the statement said.<br /><br />"India is an emerging global power and a country with which the United States has an increasingly important economic and financial relationship," Geithner had said in a statement on November 24, after he and Mukherjee announced the formation of the partnership following the meeting between the Prime Minister and US President Barack Obama at the White House.<br /><br />"I look forward to working closely with my Indian counterparts through the Partnership to advance cooperation on the growing number of economic issues of interest to our two nations," Geithner said.<br /><br />The Economic and Financial Partnership is a significant elevation of existing bilateral and multilateral economic dialogue between the United States and India, and will serve as a platform for greater cooperation on economic issues of importance to both nations.<br /><br />The partnership, according to the statement, will focus on three broad areas for discussion - macroeconomic policy, the financial sector, and investment development, and will meet at the Cabinet level once a year, alternately in the United States and India, led by Geithner and Mukherjee.<br /><br />Working group and sub-cabinet level meetings will be held throughout the year to advance discussions on specific economic policy areas.</p>
