Download as doc, pdf, or txt
Download as doc, pdf, or txt
You are on page 1of 2

India-US agreement to set up a joint Clean Energy Research and Development Centre.

It
will be backed by 50 million dollars by both sides over five years and work to complete
joint research in solar, biofuels and energy efficiency.

- Memorandum of Understanding (MOU) for a Global Centre for Nuclear Energy


Partnership. US will cooperate in India's plans for a nuclear centre, to promote nuclear
security and address threats of nuclear terrorism.

- MOU to establish an India-US Energy Cooperation Programme. It will mobilise private


sector expertise and resources to address clean energy-related issues in India and the US.

- Agreement on technical cooperation to study India's annual monsoon rains. Cooperation


on weather forecasting for India's crucial annual monsoon.

- MOU between India and the US on shale gas resources which will see US technology
used to assess shale gas resources in India.

- MOU on establishing and operating a Global Disease Detection Centre in India, which
will set up a laboratory in New Delhi designed to prevent the spread of infectious
diseases.

Heavy Transport Aircraft:

Boeing and the Indian Air Force have reached preliminary agreement on the purchase of
10 C-17 Globemaster III military transport aircraft, a deal that will make the Indian Air
Force the largest owner of a fleet of C-17s outside of the US.
Deal value: $4.1bn. Potential US jobs created: 22,160.

Engine Sale for the Light Combat Aircraft:

General Electric Company on October 1 was declared the lowest bidder and selected to
negotiate a contract to provide the Indian Aeronautical Development Agency with 107
F414 engines to be installed on the Tejas light combat aircraft. The deal has yet to go
through.
Deal value: $822m. Potential US jobs created: 4,440.
Commercial Aircraft Sale:

Boeing will sell SpiceJet, an Indian low-cost airline, sealed 30 new B737-800
commercial aircraft.
Deal value: $2.7bn. Potential US jobs created: 12,970 jobs.

Gas and Steam Turbine Sale:

General Electric Company singed a deal with Reliance Power, the energy group owned
by billionaire industrialist Anil Ambani, to supply six advanced class 9FA gas turbines
and three steam turbines for the 2,500-megawatt Samalkot power plant expansion.
Deal value: $750m. Potential US jobs created: 2,650.

Reliance Power and US Ex-Im Bank Agreement:

The US Export–Import Bank and Reliance Power signed a Memorandum of


Understanding that will provide Anil Ambani’s power group up to $5bn to boost it
electricity production.
Deal Value: $5bn. Potential US jobs created: Not specified.

Diesel Locomotive Manufacturing Venture:

GE Transportation and Electro-Motive Diesel have been selected by the Indian ministry
of railways as the sole two bidders for a venture to manufacture and supply 1,000 diesel
locomotives over 10 years.
Deal Value: More than $1bn. Potential US jobs created: Not specified.

Sale of US Mining Equipment and Related Support Equipment:

The US’s Export – Import Bank approved more than $900m in export finance guarantees
to Sasan Power, a subsidiary of Reliance Power, supporting the sale of US mining
equipment and services from Bucyrus International of South Milwaukee, Wisconsin, and
other U.S. vendors, in association with the 3,960-megawatt coal-fired Sasan power plant
in Madhya Pradesh.
Deal value: $641m. Potential US jobs created: 3,460 jobs.

You might also like