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India to seek US investments in infrastructure space

According to reports, Indian Power Minister Sushil Kumar Shinde, Commerce and Industry Minister Anand Sharma and Renewable Energy Minister Farooq Abdullah, will travel to Chicago tomorrow, the eve of the US-India Economic Opportunities and Synergies Summit being held here on Tuesday.

The centennial summit of the prestigious Executives Club of Chicago is being held in collaboration with the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Chicago Council on Global Affairs at the Fairmont Hotel on September 20.
The annual event being organised by FICCI focuses on the investment potential offered by India”s infrastructure sector, which is projected to require USD 1 trillion over the coming years to sustain the country”s economic growth rate.

The event also looks to find ways to enhance trade, political and economic relations between India and the United States.
India is seeking coal blocks overseas as it has been unable to meet capacity addition targets necessary to satisfy high domestic demand.
Notably, Shinde will hold a press conference at the Fairmont Hotel tomorrow evening and will not be present for the September 20 event.

Chicago Mayor Rahm Emanuel is scheduled to speak at the summit the next day.

Also present will be recently appointed Indian Ambassador to the US Nirupama Rao, Consul General of India in Chicago Mukta Dutta Tomar, Secretary of Civil Aviation S N A Zaidi and Chicago Council on Global Affairs President Marshall Bouton, besides other American and Indian corporate executives.

FICCI president Harsh Mariwala will lead the 20-member delegation.

Others participants in the forum are Bharti Enterprises Vice Chairman and Managing Director Rajan Bharti Mittal, JK Paper Limited Managing Director Harshpati Singhania and Kanoria Chemicals & Industry Ltd Chairman and Managing Director R V Kanoria.

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