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To push trade to $500b, double investment target n Big deals in energy security, climate change, defence tieups and financial oversight on cards
The must-do list includes a comprehensive Indo-US economic and financial dialogue, focused engagement in nuclear cooperation involving US energy and technology giants, and power-packed collaboration between the Federal Reserve and the Reserve Bank of India, on currency management and oversight of financial markets.
Specific engagements in energy security, climate change cooperation and joint defence production in India are also on the cards.
officials see a big possibility of concluding a comprehensive India-US economic and financial partnership dialogue, outlining specific steps to enhance bilateral trade to $500 billion in the next five years, from nearly $100 billion now. India would also push for doubling US private investments, now valued at $29 billion.
Officials are also working on convening the Indo-US CEOs’ forum to coincide with Obama’s visit, and roping in the CEOs of Westinghouse and GE, in particular, as both these companies are expected to participate in India’s civil nuclear programme.
The PMO official quoted earlier suggested the possibility of Fed chairperson Janet Yellen and RBI governor Raghuram Rajan concluding a deal on the expanded financial markets relations.
Pushing up military ties between two countries would be crucial to the presidential visit. This is a euphemism for exploring possibilities of transferring key defence technologies for joint manufacture of military equipment in India.
India has been campaigning with Boeing and Lockheed Martin to manufacture both transport and fighter aircraft in India. A renewed order for C-17 and C-137 aircraft, WLR radars and a $2.5 billion shopping bill for helicopters are likely to figure prominently in the negotiations between Obama and Modi.
The Tatas already have a tie-up with Boeing for phased production of military transport aircraft in India. Lockheed Martin also has limited presence with facilities in Hyderabad.
As decided in September, both sides are in the process of setting up a task force under defence trade and technology initiative, a broad framework for which is already in place.
Another official told FC that the content of President Obama’s visit would be known only after US assistant secretary of state Nisha Desai Biswal holds consultations with her Indian counterparts starting today.
India to deploy big guns for Obama parade | mydigitalfc.com
The must-do list includes a comprehensive Indo-US economic and financial dialogue, focused engagement in nuclear cooperation involving US energy and technology giants, and power-packed collaboration between the Federal Reserve and the Reserve Bank of India, on currency management and oversight of financial markets.
Specific engagements in energy security, climate change cooperation and joint defence production in India are also on the cards.
officials see a big possibility of concluding a comprehensive India-US economic and financial partnership dialogue, outlining specific steps to enhance bilateral trade to $500 billion in the next five years, from nearly $100 billion now. India would also push for doubling US private investments, now valued at $29 billion.
Officials are also working on convening the Indo-US CEOs’ forum to coincide with Obama’s visit, and roping in the CEOs of Westinghouse and GE, in particular, as both these companies are expected to participate in India’s civil nuclear programme.
The PMO official quoted earlier suggested the possibility of Fed chairperson Janet Yellen and RBI governor Raghuram Rajan concluding a deal on the expanded financial markets relations.
Pushing up military ties between two countries would be crucial to the presidential visit. This is a euphemism for exploring possibilities of transferring key defence technologies for joint manufacture of military equipment in India.
India has been campaigning with Boeing and Lockheed Martin to manufacture both transport and fighter aircraft in India. A renewed order for C-17 and C-137 aircraft, WLR radars and a $2.5 billion shopping bill for helicopters are likely to figure prominently in the negotiations between Obama and Modi.
The Tatas already have a tie-up with Boeing for phased production of military transport aircraft in India. Lockheed Martin also has limited presence with facilities in Hyderabad.
As decided in September, both sides are in the process of setting up a task force under defence trade and technology initiative, a broad framework for which is already in place.
Another official told FC that the content of President Obama’s visit would be known only after US assistant secretary of state Nisha Desai Biswal holds consultations with her Indian counterparts starting today.
India to deploy big guns for Obama parade | mydigitalfc.com
