Saturday, April 28, 2012
India has emerged as the third largest defence market for the United States foreign military sales in a span of just 5 years.
The two countries are poised to sign an additional $8 billion deal in direct commercial and foreign military sales. The US-India partnership has experienced one of the highest growth rates in the Pacific.
With the sale of the C-17's and C-130J aircraft, the US has more than doubled it's total foreign military sales and posted sales making India the third largest FMS market for 2011.
With multi-billion dollar deals, bilateral defence ties between India and the US will only become stronger. India will be able to assume a larger leadership role in the region and effectively respond to security concerns and humanitarian relief operations.
According to Powell, that Obama recently called for reforms to US export control system will create a more streamlined approach to secure trade. "This new approach will help US exporters to be more competitive and reliable suppliers of innovative technologies. We in turn expect India to sign up to and adhere to appropriate international regimes,'' she said.
She described as another recent success story Boeing and Air India completing the most publicized aviation deal in recent history.
The two countries are poised to sign an additional $8 billion deal in direct commercial and foreign military sales. The US-India partnership has experienced one of the highest growth rates in the Pacific.
With the sale of the C-17's and C-130J aircraft, the US has more than doubled it's total foreign military sales and posted sales making India the third largest FMS market for 2011.
With multi-billion dollar deals, bilateral defence ties between India and the US will only become stronger. India will be able to assume a larger leadership role in the region and effectively respond to security concerns and humanitarian relief operations.
According to Powell, that Obama recently called for reforms to US export control system will create a more streamlined approach to secure trade. "This new approach will help US exporters to be more competitive and reliable suppliers of innovative technologies. We in turn expect India to sign up to and adhere to appropriate international regimes,'' she said.
She described as another recent success story Boeing and Air India completing the most publicized aviation deal in recent history.
"Air India's purchase of the Boeing 787 Dreamliner aircraft will be a significant boost for US jobs and exports and the Indian aviation sector. The fuel-efficient Dreamliners are a key component of Air India's restructuring plan as India positions itself to become a global aviation hub,'' she said.
India is one of the world’s largest arms importers and plans to spend close to about $100 billion over the next 10 years to upgrade its largely Soviet-era equipment.
US companies like Boeing Co, Lockheed Martin Corp and Raytheon Co are some of the contractors looking to grab a share of India’s planned military spending.
India is one of the world’s largest arms importers and plans to spend close to about $100 billion over the next 10 years to upgrade its largely Soviet-era equipment.
US companies like Boeing Co, Lockheed Martin Corp and Raytheon Co are some of the contractors looking to grab a share of India’s planned military spending.
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