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☆ U.S.-India relations enter a new chapter and could unlock even more tech and defense deals
▼ + stars: | 2023-06-23 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +4 min

Bloomberg | Bloomberg | Getty ImagesU.S.-India relations entered a new chapter as Prime Minister Narendra Modi and President Joe Biden announced a slew of technology and defense deals. "We were strangers in defense cooperation at the turn of the century, but now the United States has become one of our most important defense partners." That includes more military agreements, according to Atul Keshap, president of the U.S.-India Business Council, and former charge d'affaires at the United States Embassy in New Delhi said. And that is not contingent upon India supporting the United States down the line. "The U.S. understands that the human tech capital is a very important part of U.S. global leadership in innovation," said Singh, who previously served as India's ambassador to the United States.

Persons: Joe Biden, Narendra Modi, Modi, Atul Keshap, CNBC's, Biden, Raymond Vickery, Pant, Arun Singh, Singh, ORF's Pant Organizations: Joe Biden India's, White, Bloomberg, Getty, U.S . Congress, CNBC, U.S ., India Business Council, United States Embassy, India's, Washington Post, The Washington Post, F414, . Navy, Washington, Center for Strategic, International Studies, Observer Research Foundation, Carnegie India Locations: Washington , DC, India, U.S, United States, New Delhi, Republic of India, Washington ,, China, Delhi

☆ Why GE plan to make fighter jet engines in India is a big deal
▼ + stars: | 2023-06-22 | by ( Yp Rajesh | ) www.reuters.com time to read: +4 min

GE says it has delivered more than 1,600 F414 engines and they have clocked more than 5 million flight hours. So far, 75 F404 engines have been delivered and another 99 worth $716 million are on order for Tejas Mark 1. Tejas Mark 2, still under development, is a more powerful jet and needs a bigger engine. The GE-HAL deal to co-produce F414 engines in India requires U.S. government and legislative approvals. Full scale production of F414 in India and Tejas Mark 2 is expected only early in the next decade.

Persons: Narendra, INDIA’S, Conor Humphries Organizations: General Electric, Hindustan Aeronautics, Indian Air Force, Indian, GE, U.S . Navy, HAL, Tejas, Aircraft, India's Air Force, New, YP Rajesh, Thomson Locations: DELHI, India, United States, U.S, Sweden, Australia, Kuwait, Brazil, South Korea, Indonesia, New Delhi, Washington, China, Pakistan, Russia, France, Israel

☆ Watch live: President Biden and India Prime Minister Modi speak at the White House
▼ + stars: | 2023-06-22 | by ( Emma Kinery | ) www.cnbc.com time to read: +1 min

President Joe Biden and Prime Minister Narendra Modi of India will hold a joint press conference following their bilateral meeting Thursday. Later, Modi will deliver remarks to a joint meeting of Congress before the president and the first lady will host the prime minister for a state dinner at the White House. U.S.-based Micron Technology has committed to open a $2.75 billion semiconductor assembly in India with Micron footing $800 million and the country's government covering the remainder. India is slated to announce an agreement to purchase MQ-9B SeaGuardian drones. Additionally, under a new partnership, General Electric will work with India's Hindustan Aeronautics to jointly build F414 jet engines in India.

Persons: Joe Biden, Narendra Modi, Modi Organizations: White, U.S, Micron Technology, Micron, General, India's Hindustan Aeronautics Locations: India

☆ GE to jointly produce fighter jet engines in India
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +1 min

[1/2] Indian Air Force (IAF) LCA Tejas performs an aerobatic display during the Aero India 2023 air show at Yelahanka air base in Bengaluru, India, February 13, 2023. REUTERS/Samuel Rajkumar/File PhotoJune 22 (Reuters) - General Electric's (GE.N) aerospace unit said on Thursday it has signed an agreement with India's state-owned Hindustan Aeronautics Ltd (HIAE.NS) to make fighter jet engines for the Indian Air Force. The agreement includes the potential joint production of GE Aerospace's F414 engines in India and the engines will be used to power Tejas fighter jets, GE said. Reuters reported in May the Biden administration was poised to sign off on a deal that would allow GE to produce jet engines powering Indian military aircraft. GE first began working with Hindustan Aeronautics and the Aeronautical Development Agency in 1986 to support the development of India's light combat aircraft with F404 engines.

Persons: Samuel Rajkumar, Electric's, Narendra Modi, Biden, Aishwarya Nair, Varun, Shounak Organizations: Indian Air Force, IAF, LCA Tejas, Aero, REUTERS, Hindustan Aeronautics Ltd, Indian, GE Aerospace's, Tejas, GE, Hindustan Aeronautics, Reuters, Aeronautical Development Agency, Thomson Locations: Aero India, Bengaluru, India, United States, Washington

☆ Factbox: Flurry of US-India deals on AI, defense as Biden, Modi meet
▼ + stars: | 2023-06-22 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +4 min

The following is a roundup of the major announcements:VISASThe Biden administration will make it easier for Indians to live and work in the United States. The United States intends to open new consulates in Bengaluru and Ahmedabad. India is opening a new consulate in Seattle this year and will soon announce two new consulates in the United States. The MQ-9Bs will be assembled in India, a joint statement said, and U.S. manufacturer General Atomics will also establish new facility in India. ADVANCED COMPUTINGIndia and the United States established a Joint Indo-U.S. Quantum Coordination Mechanism to facilitate joint research between the public and private sectors across both countries.

Persons: Narendra Modi, Joe Biden, Biden, Katherine Tai, Vikram Solar, Electric's, General Atomics, Atomics, Jarrett Renshaw, Heather Timmons, Grant McCool Organizations: Indian, U.S, The State Department, United, INDIA, Micron Technology, Micron, United States Trade, World Trade Organization, Minerals Security Partnership, European Union, India’s Epsilon Carbon, VSK Energy, JETS, Hindustan Aeronautics Ltd, Indian Air Force, GE Aerospace's, Tejas, GE, Reuters, SPACE, Artemis Accords, NASA, International Space Station, Thomson Locations: Washington, United States, U.S, Bengaluru, Ahmedabad, India, Seattle, Gujarat, US, Colorado, China, SPACE India

☆ U.S. and India set to announce flurry of deals spanning defense, chips and A.I.
▼ + stars: | 2023-06-22 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +6 min

Mandel Ngan | Afp | Getty ImagesThe U.S. and India are set to announce a slew of defense and technology collaborations on Thursday during Prime Minister Narendra Modi's state visit, U.S. officials said. India has overtaken China as the world's most populous country and is set to become the third-largest economy in the coming years. According to Reuters, Modi has not addressed a single press conference in India since he became prime minister in 2014, making this an extremely rare occasion. India and the U.S. are expected to announce a deal to jointly produce F414 jet engines in India, involving General Electric and Hindustan Aeronautics. Thirdly, the so-called India-U.S. Defense Acceleration Ecosystem will aim to integrate India's growing private sector defense industry with the U.S. defense sector.

Persons: Joe Biden, Jill Biden, Narendra Modi, Mandel Ngan, Narendra Modi's, Modi, Elon, Ray Dalio, we've, Gary Dickerson, Dickerson, Brendan Mullarkey Organizations: India's, White, Afp, Getty, Tesla, Bridgewater Associates, Biden, Reuters, General Electric, Hindustan Aeronautics, U.S, U.S . Defense, Tech, NASA, Indian Space Research, Embassy Locations: Portico, Washington , DC, India, U.S, China, United States, Pakistan, Russia, France, Great Britain, Israel

☆ Biden Welcomes Indian Leader With a 21-Gun Salute
▼ + stars: | 2023-06-22 | by ( Mujib Mashal | Karoun Demirjian | ) www.nytimes.com time to read: +8 min

Mr. Biden celebrated India’s rise with a lavish display of friendship marked by marching bands, honor guards and a 21-gun salute on the South Lawn, to be followed by an Oval Office meeting and a gala state dinner. Mr. Modi agreed to join Mr. Biden in the East Room to meet with journalists and will also address a joint session of Congress in the afternoon. Image The scene on the South Lawn in the morning underscored the rising role of Indian Americans in the United States. Image Mr. Modi suggested the two nations could tackle international challenges in tandem. Credit... Pete Marovich for The New York TimesMr. Biden pointed to the prevalence of Indian Americans in prominent positions.

Persons: Biden, Narendra Modi, Modi, “, ” Mr, ’, Mr, ”, Doug Mills, China’s, Atomics, Biden’s, Alexandria Ocasio, Cortez, “ Modi, Pete Marovich, Kamala Harris, Harris, Harris’s, Erin Schaff, Joshua Bell Organizations: White, “, New York Times, Artemis Accords, International Space Station, General Electric, Hindustan Aeronautics Limited, Boeing, Biden, New York Times “ Equity, United States, ”, Cortez of New York, Twitter, The New York Times, Mr, The New York, Penn Masala, University of Pennsylvania, U.S . Marine Locations: India, United States, Russia, China, U.S, Moscow, Beijing, American, Ukraine, Russian, New York Times India, New Delhi, Cortez of New, portobello, Asian

Mr. Modi agreed to join Mr. Biden in the East Room to meet with journalists and will also address a joint session of Congress in the afternoon. Image The scene on the South Lawn in the morning underscored the rising role of Indian Americans in the United States. Image Mr. Modi suggested the two nations could tackle international challenges in tandem. They considered it a victory that the administration had persuaded Mr. Modi, who famously refuses to hold news conferences, to meet with reporters alongside Mr. Biden, as most major world leaders do when they visit the White House. Credit... Pete Marovich for The New York TimesMr. Biden pointed to the prevalence of Indian Americans in prominent positions.

☆ GE nears deal with India's Hindustan Aeronautics to co-manufacture fighter jet engines
▼ + stars: | 2023-06-09 | by ( Seema Mody | ) www.cnbc.com time to read: +3 min

General Electric is in final discussions to cement a partnership with India's Hindustan Aeronautics Ltd. to co-manufacture jet engines in the country, CNBC has learned. Earlier this week, U.S. Defense Secretary Lloyd Austin visited India and discussed the jet engine deal with Indian officials, sources told CNBC. The nature of the agreement — whether it will be labeled a partnership, joint venture or co-assembly — still remains to be seen. The potential GE deal comes as India's economy has grown exponentially, drawing more interest from corporate giants like Apple , Google and Amazon . "We certainly see a lot of activity brewing in India," GE CEO Larry Culp told CNBC in late April, weeks after Air India placed a massive order for more than 800 GE LEAP engines.

Persons: Cope, Narendra Modi, Lloyd Austin, Richard Rossow, India —, Daniel Silverberg, Tim Cook, Modi, Silverberg, Larry Culp Organizations: Indian Air Force, IAF, Tejas, The United States Air Force, USAF, General, India's Hindustan Aeronautics Ltd, CNBC, Indian, Washington , D.C, . Defense, GE, U.S . State Department, Capitol, State Department, Pentagon, Center for Strategic, International Studies, Washington, Capstone, Apple, Google, GE Aerospace, Air India Locations: Kalaikunda, India's West Bengal, Washington ,, India, U.S, Russia, Asia, China

☆ A Swedish-made fighter jet could tip the scales against Russia in Ukraine, but it might not get there any time soon
▼ + stars: | 2023-02-05 | by ( Sebastien Roblin | ) www.businessinsider.com time to read: +16 min

Ukraine's air force remains in the fight almost a year after Russia's shambolic invasion. Sooner or later, Ukraine must induct new jet fighters into service — and they sure aren't buying them from Russia. JAS-39 Gripen: background and capabilitiesA Swedish JAS 39 Gripen at Bobo, Norway in October 2018. A Hungarian Air Force JAS-39 Gripen in August 2010. JAS-39 Gripen vs. F-16A US Air Force F-16 takes off from Aviano Air Base in Italy in June 2020.

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