Category — Politics

India, U.S., to Deepen Defense and Security Cooperation

The U.S. State Department cleared the sale of predator Guardian drones to India, in a deal estimated to be worth $2-3 billion. According to General Atomics, the Predator Guardian UAV, a variant of the Predator B, can be used for wide-area, long- endurance maritime intelligence, surveillance and reconnaissance missions.

Drone

A joint statement issued after the India U.S. Summit at the White House, said, “President Trump and Prime Minister Modi pledged to deepen defense and security cooperation, building on the United States’ recognition of India as a Major Defense Partner.”

The U.S.-India Defense Technology and Trade Initiative remains the premier forum for deepening collaboration on defense co-development and co-production, it said.

Key military and civilian defense leaders continue to meet via reciprocal counterpart visits and strategic and policy dialogues, promoting closer service ties and improving inter-operability among our forces, the White House said.

Resolving to expand maritime security cooperation, the two countries announced their intention to build on the implementation of their “White Shipping” data-sharing arrangement that enhances collaboration on the maritime domain awareness. Trump welcomed Modi’s strong support for the U.S. to join as an Observer in the Indian Ocean Naval Symposium, reports the Times of India.

The annual MALABAR naval exercise, occurring in July in the Indian Ocean, will be the most complex to date, including participants from the U.S. Navy, Indian Navy, and the Japan Maritime Self-Defense Force.

 

June 27, 2017   No Comments

India Ratifies UN’s Convention for Goods Transit

India is the 71st signatory to the United Nations’ TIR (Transports Internationaux Routiers) Convention, an international transit system that facilitates the seamless movement of goods throughout countries in Asia and Europe.

TIR is the global standard for goods customs transit managed and developed by IRU, the world road transport organization. IRU, will work closely with all relevant stakeholders in India on training, development, and outreach efforts to prepare the country in six months in implementing the convention said Umberto de Pretto, secretary general of IRU.

A Truck

India recently ratified the trade facilitation agreement of the World Trade Organization, and this move will help India access transnational multi-modal connectivity.

Kazem Asayesh, senior advisor on TIR and Trade Facilitation said, “The TIR system has been facilitating trade and international road transport for over 60 years, by allowing customs-sealed vehicles and freight containers to transit countries, without border checks.”

A study in the United Nations Economic and Social Commission for Asia and the Pacific region estimated that implementing TIR can generate economic benefits ranging from 0.14 to 1.31 percent of national GDP, reports the Times of India.

June 22, 2017   No Comments

Lockheed Martin Offers to Make F16 Fighters in India

Maryland-based Lockheed Martin announced that it can  jointly manufacture its F-16 Block 70 fighter jets with Tata Advanced Systems Limited, India. The agreement was signed on the sidelines of the Paris Air Show 2017 and it will provide India the opportunity to produce, operate and export F-16 Block 70 aircraft, the newest and most advanced version of the combat-proven multi-role fighter.

India proposes to acquire 150 new warplanes for $12 billion, and Lockheed and Tata confirmed to CNNMoney that F-16 production in India will move forward only if Lockheed wins the order.

Highlights of the Deal:

  • Lockheed says, “F-16 production in India supports thousands of Lockheed Martin and F-16 supplier jobs in the U.S.”
  • This partnership supports Prime Minister Narendra Modi’s ‘Make in India’ initiative
  • India stands to become the manufacturing and export base for all F-16s worldwide: 26 countries where 3,200 F-16s are currently flown

CNNMoney quotes a Tata spokesman who said that Lockheed and Tata are also in talks to make F-16 components in India if the air force deal doesn’t materialize.

fighter jets

June 20, 2017   No Comments

India May Implement Food Fortification Regulations

The Food Safety and Standards Authority of India (FSSAI) is promoting the introduction of micro-nutrients in staple foods to fight malnutrition.

“We are trying to encourage brands to fortify their products. We are targeting five staple foods including rice, wheat, milk and edible oil for fortification,” FSSAI CEO Pawan Kumar Agarwal said at an interactive session with the Bharat Chamber of Commerce on food safety.

Business Standard reports that currently the government does not have any plans to make fortifying staple foods mandatory, but it will monitor the situation. “If voluntary acceptance is low then government may take steps to make it mandatory,” added Agarwal. 

If you have any queries or need more information on the Food Safety and Standards (Fortification of Foods) Regulations 2017, please contact us and we will respond.

Logo for Fortified Foods

June 20, 2017   No Comments

President Trump to Meet PM Modi on June 27

Prime Minister Narendra Modi is set to hold his first meeting with U.S. President Donald Trump on June 27. Modi will also address a couple of business meetings organized by the U.S.-India Business Council and CEOs’ Forum.

The agenda for the meeting with the President will focus on trade and economic ties between the two countries; H1B visas; and defense ties. In April, U.S. National Security Advisor H. R. McMaster visited India and met Modi. He emphasized the importance of the U.S.-India strategic relationship and reaffirmed India’s designation as a ‘Major Defense Partner.

US and India Flags

It is likely that India will sign two defense pacts — the Communications Inter-operability and Security Memorandum of Agreement, and the Basic Exchange and Cooperation Agreement, reports BusinessLine.

 

June 14, 2017   No Comments