At a meeting at the White House between President Obama and Prime Minister Modi of India it was announced that Pennsylvania-based Westinghouse Electric Corporation and the Nuclear Power Corporation of India Ltd., will begin engineering and site design work immediately for six AP1000 reactors in India which will be operational...
U.S. Updates Technology Transfer Policy with India
One of the results of the meetings between U.S. Defense Secretary Ash Carter and India’s Defense Minister Manohar Parrikar earlier this month was that the U.S. has updated its policy on gas-turbine engine technology transfer to India to expand cooperation in production and design of sensitive jet engine components. Carter...
India's Pipavav to Manufacture Japanese Amphibious Aircraft
India and Japan are to finalize an agreement to jointly produce the US-2 amphibious aircraft during Japanese Prime Minister Shinzo Abe’s upcoming visit to India. This will be the first defense deal between the two countries. The aircraft will be produced in India as part of Prime Minister Modi's Make...
Qualcomm Will Invest $150 million in India startups
San Diego-based Qualcomm is planning to invest $150M in startups in India. This investment will be directed by Qualcomm Ventures. The company said that this move is part of supporting Prime Minister Modi's vision "to transform India into a digitally empowered society and knowledge economy." Qualcomm already has investments in...
House Favors Defense Cooperation with India
Coming in the wake of the defense framework advanced by President Barack Obama and Indian Prime Minister Narendra Modi in January, the U.S. House of Representatives passed an amendment in mid-May calling for expansion of the U.S.-India defense cooperation and welcoming India's role in providing security in the Indo-Pacific region...
Business Travel to India Skyrockets
The Global Business Travel Association (GBTA) Foundation, announced the results of its third GBTA BTI™ Outlook – India report, sponsored by Visa Inc., which includes an index of business travel spending that tracks market performance over time, reports Hospitalitynet. "India is poised for economic harmony as the region is strongly...