As Prime Minister Narendra Modi embarked on a three-day visit to the United States, the world’s largest and fifth-largest economies have signed a mega deal on jet engine technology and the purchase of high-altitude drones.
PM Modi and US President Joe Biden inked the deal which was first finalized when US Defence Secretary Lloyd Austin and his Indian counterpart Defence Minister Rajnath Singh met earlier this month in Delhi.
According to the deal, US multinational General Electric (GE) will manufacture F414 jet engines in India. The US Congress had earlier approved the deal wherein the main highlight was the transfer of technology to Hindustan Aeronautics Limited (HAL), part of the Indian Air Force’s Light Combat Aircraft Mk2 (Tejas) program to manufacture jet engines indigenously.
The agreement includes the potential joint production of GE Aerospace’s F414 engines in India. according to an official GE statement.
‘This is a historic agreement made possible by our longstanding partnership with India and HAL,’ said H Lawrence Culp, Jr., Chairman and Chief Executive Officer of GE and CEO of GE Aerospace.’
‘We are proud to play a role in advancing President Biden and Prime Minister Modi’s vision of closer coordination between the two nations. Our F414 engines are unmatched and will offer important economic and national security benefits for both countries as we help our customers produce the highest quality engines to meet the needs of their military fleet.’
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