U.S. Eyes Defence Deals Worth $3-5 Bn With India


New York: As Prime Minister Narendra Modi meets top government officials and business leaders in the U.S., about half a dozen large American corporations are pitching for deals worth USD 3-5 billion in defence and aerospace sectors, while many have expressed interest to partner in projects related to smart cities and digital India.

Broader contours of these potential deals are likely to be discussed in Washington where Modi would reach tomorrow evening as part of his five-day U.S. visit ending on September 30.

Sources familiar with the matter said that companies interested in defence deals including for military helicopters include Boeing, Lockheed Martin, General Electric and Raytheon.

Besides many technology giants such as Google, IBM, Adobe and Cognizant are also believed to have expressed intention in partnering the government's smart cities and digital India projects, among others.

Many other companies including Pepsico and consumer product majors are also likely to extend their support for projects like clean India and other ventures, sources said.

The Prime Minister held discussions with a group of top Indian-Americans, including business leaders, and they were invited to India to teach business and entrepreneurship.

Modi's visit also comes at a time when his government is looking to attract more foreign investment as part of efforts to bolster the country's economy.

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Source: PTI