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Title : India’s trajectory of spending on US defense equipment will continue: Expert
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India’s trajectory of spending on US defense equipment will continue: Expert

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India took the unusual step of dispatching its foreign secretary S Jaishankar to Beijing to hold discussions on this and other important issues.

If the issue goes to the wire, PM Modi is expected to take up the issue with President Xi Jinping in Tashkent, where both leaders are likely to be present for the SCO Summit later this week.

Most questions raised by China against India’s membership have little validity. For instance, membership of the NPT is not a condition for becoming a member of NSG. It is only a guiding principle to which consideration needs to be given. Further, Pakistan’s credentials for NSG membership are highly flawed and inadequate.

Over the last eight years India has separated its reactors which are under IAEA safeguards from those which are not. Pakistan has not undertaken any such exercise.

The decision at the NSG plenary session in Seoul will depend on China’s stance. With Russian President Vladimir Putin assuring India that he will try to convince Beijing, India can still be reasonably hopeful.

The writer is former Ambassador of India to Kazakhstan and Sweden

Source:- Daily Mail UK

" data-image-meta="[]" data-image-title="Why the Nuclear Suppliers Group is so important for India" data-large-file="" data-medium-file="" data-orig-file="" data-orig-size="" data-permalink="http://ift.tt/2sVv7B0" data-recalc-dims="1" src="https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_s9KXpheq5CjvV9AkUw8qJRfsCLQjcuMrckpyujU8CSLQig4ovPbrfWSBMmaVaEpBD3vu11Pd61=s0-d">India is planning to invest over “a quarter of a trillion dollars” on defense in the next few years, and it will likely continue to turn to the U.S. to buy its materials, the president of the U.S.-India Business Council told CNBC on Monday.

“The last couple of years India has become one of the largest buyers of U.S. defense equipment, roughly $15 billion. I believe this trajectory will continue,” Mukesh Aghi said in an interview with “Closing Bell.”

Indian Prime Minister Narendra Modi had his first face-to-face talks with President Donald Trump on Monday afternoon.

The encounter comes days after the Trump administration authorized the sale of unarmed surveillance drones to India, according to the manufacturer, General Atomics Aeronautical Systems.

India initiated its request to buy 22 Guardian MQ-9B unmanned aircraft for maritime surveillance last year. The deal is estimated to be worth about $2 billion. The transaction is still subject to congressional approval.

Since 2008, India has signed U.S. defense contracts for things like C-130J and C-17 transport aircraft, P-81 maritime patrol aircraft, Harpoon missiles, and Apache and Chinook helicopters.

Defense spending isn’t the only topic presumably at the table between the two leaders. Immigration and the hotly contested H-1B program may also be discussed.

The prime minister also spent time with U.S. CEOs during his visit, meeting with high-profile leaders on Sunday and earning rave reviews.

 Apple (AAPL) CEO Tim Cook and Amazon (AMZN) CEO Jeff Bezos were among those in attendance. When CNBC asked Cook how the meeting went, he responded by saying “fantastic.”

Rick Rossow, senior advisor at the Center for Strategic and International Studies, told CNBC the corporate relationships may somewhat overshadow the one between the two governments.

The two countries “haven’t been able to find common ground,” he said in an interview with “Closing Bell.”

“But CEOs are still investing. India’s the largest destination for foreign investment in the world this year. It’s becoming one of America’s largest trading partners,” he added.

Companies that would benefit from a growing trade relationship with India would be ones that the Indian or its key state governments have highlighted, said Rossow.

“Right now they have really liberalized the oil and gas sector, they’ve liberalized coal production. They’re also undertaking a massive renovation of the broke electric power grid. So if you’re a company that sells electric power equipment or related services, you’ve got a great opportunity out there,” he said.

 

 

 

 

Source:-CNBC

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