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9/9/2022

READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Travel to New Delhi | U.S. Department of the Treasury

U.S. DEPARTMENT OF THE TREASURY
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s
Travel to New Delhi
August 26, 2022

NEW DELHI — On August 26, Deputy Secretary Wally Adeyemo met with government o icials
in New Delhi, India, including Minister of Finance Nirmala Sitharaman, Principal Secretary to
the Prime Minister PK Mishra, Ministry of Finance Secretary Ajay Seth, Ministry of External
A airs Secretary Vinay Kwatra, and Ministry of Petroleum and Natural Gas Secretary Pankaj
Jain.
During the Deputy Secretaryʼs meetings in New Delhi, he continued to underscore the
importance of deepening the United States and Indiaʼs already strong relationship, including
through platforms like the Quad and the Indo-Pacific Economic Framework. Deputy Secretary
Adeyemo stressed that we can maintain a free and open Indo-Pacific that delivers greater
prosperity for our citizens through those e orts, including through steps to bolster supply
chain resiliency between trusted partners like the United States and India.
The Deputy Secretary also discussed ways that the United States and India could work
together to address shared global challenges like food insecurity and high energy prices. The
Deputy Secretary raised that ending Russiaʼs invasion of Ukraine was critical to addressing
these issues. The Deputy Secretary also shared with counterparts the United Statesʼ views on
ways to put downward pressure on energy prices for consumers and businesses in India, the
United States, and globally. Deputy Secretary Adeyemo reiterated the importance of well
supplied global energy markets, even as we work together with partners like India to expand
access to sources of renewable energy that will reduce our dependence on fossil fuels over
time.
Following his meetings in New Delhi, Deputy Secretary Adeyemo will return to the United
States.
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https://home.treasury.gov/news/press-releases/jy0930

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9/9/2022

READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Travel to New Delhi | U.S. Department of the Treasury

https://home.treasury.gov/news/press-releases/jy0930

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