Wednesday, November 25, 2009

US Treasury holds meeting with India CEOS

US Treasury Secretary Timothy Geithner on Tuesday afternoon holds a discussion with chief executive officers and business leaders from India on economic and financial issues.

India has been taking measures to boost revenue, rein in its widening deficit and lift growth in Asia's third-largest economy. Earlier this month, the government mandated more sales of shares by state-run firms and how it can use the proceeds.

Lars Thunell, executive vice president and chief executive of the International Finance Corp, told Reuters in a recent interview that poor infrastructure, regulation and corruption hinder business and economic growth in India but the country is showing a willingness to address shortcomings.

Below are the CEOS and business leaders who are expected to attend the roundtable discussion:


* Ratan Tata, Chairman of TATA Sons
Tata Group is made up of 96 companies including Tata Consultancy Services, India's biggest outsourcing firm; Tata Steel, the world's sixth-largest steelmaker, and Tata Motors, India's leading vehicle maker.


* OP Bhatt, Chairman of the State Bank of India
State Bank of India is India's largest lender.


* S Gopalakrishnan, CEO of Infosys Technologies
Infosys Technologies is India's second-largest software exporter.


* Analjit Singh, Chairman of Max India
Max India is a hospital operator and life insurer.


* Kiran Mazumdar Shaw, Chair of Biocon
Biocon Ltd is a biotechnology firm.


* Preetha Reddy, Managing Director of Apollo Hospitals
Apollo Hospitals Enterprises Ltd runs hospitals and pharmacy chains.


* Sunil Mittal, Chairman and Group CEO of Bharti Airtel
Bharti Airtel is India's top mobile operator and accounts for more than 23 percent of mobile users in the country.

Sourcemoneycontrol.com

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