Reuters, citing defense sources, reported that Prime Minister Modi had summoned a meeting of the cabinet committee on security on 16 February to approve construction of seven frigates equipped with stealth features to avoid easy detection, and the government cleared an $8 billion plan to build India's most advanced warships....
U.S. and India Come to an Understanding on the Nuclear Energy Agreement
In 2006 Washington and India first reached a nuclear energy understanding which was to have allowed New Delhi access to nuclear technology and fuel without giving up its weapons program. Then, in 2008, a 45-state Nuclear Supplies Group approved a policy of nuclear cooperation with India and another nuclear power...
SunEdison to Invest $4 Billion in India
Missouri-based SunEdison Inc., and the Indian power provider Adani Enterprises, headquartered in Ahmedabad, Gujarat, have signed a memorandum of understanding to establish a joint venture to build the largest solar photovoltaic manufacturing facility in India with a capacity of 7.5 gigawatts of annual production on an investment of up to...
Obama Pledges $4 Billion at U.S.-India Business Summit
According to reports by DNA, at the Business Summit held in India on the last day of President Obama’s visit, he pledge $4 billion in investments and loans, seeking to release what he called the “untapped potential" of business and strategic partnerships between the two countries. “We want to see...
Kerry Visits India to Set the Stage for President Obama’s Visit
Secretary of State, John Kerry met Prime Minister Modi hoping to reach agreements before President Obama reaches India as chief guest of the Republic Day celebrations on January 26. Obama is the first ever American President to be the Chief Guest at this military parade and the first sitting President...