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Indian billionaire Baba Kalyani hails PM Narendra Modi’s visit to US, says procurement of drones will strengthen Indian aerospace and defense ecosystem


Indian billionaire businessman Baba Kalyani (Photo: ANI)

New Delhi, June 24: Baba Kalyani, Chairman and Managing Director of Bharat Forge Ltd. and Founding President of Indian Defense Manufacturers Association, stressed to Indian Prime Minister Narendra Modi and US President Joe Biden Co-production of key systems and platforms was appreciated, “identifying avenues for joint research and development” in advanced technologies. “

Kalyani said Prime Minister Modi’s trip to the US reflected “increased engagement between two great democracies”. “U.S. President Joe Biden’s historic state visit to Prime Minister Modi reflects increased engagement between two great democracies, the expansion of the Indian market and its needs, combined with our overlapping strategic interests, creating Given the opportunity, companies on both sides urgently need to … expand bilateral trade and commerce, strengthen engagement in strategic areas such as defense, space, 5G, semiconductors, and cooperate to jointly develop key and emerging technologies.” In his farewell speech to the American diaspora, Prime Minister Narendra Modi, the mother of Indian democracy and champion of advanced democracy in the United States, said.

The Indian billionaire businessman also thanked Prime Minister Modi and President Biden for their “special emphasis on fostering ties between industries, start-ups and academia on both sides, encouraging joint development and joint production of key systems and platforms, identifying avenues for joint research and development of advanced technologies” .

He also welcomed news of the fabrication and assembly of General Electric F414 engines for the LCA (Light Combat Aircraft) and the phased procurement of General Atomics Predator MQ -9 Reaper Guardian drones. Indian professionals breathed a sigh of relief when Prime Minister Narendra Modi announced that “H1B visa renewals can be done on US soil.”

“I believe these projects will go a long way towards strengthening India’s aerospace and defense ecosystem,” he said, adding that such an important discussion in Washington would help Indian industry and Indian defense industry enter the US defense sector supply chain.

The chairman and managing director of Bharat Forge also welcomed the discussions on green initiatives, strategic clean energy partnerships. “A new working group will be launched through the US-India Action Platform on Emerging Renewable Energy Technologies through SCEP (Simple Certificate Enrollment Protocol), which will accelerate collaborative technologies on green hydrogen, offshore and onshore wind,” he said.

Kalyani also noted that Prime Minister Modi’s trip to the US “created a place for India at the perch of global commerce”. He also said that the legal relationship between India and the US would be of great benefit to the Indian economy and Indian industry.

Earlier on Friday, Prime Minister Modi said General Electric’s (GE) decision to manufacture fighter jets in India would prove to be a milestone for the Indian defense sector as the two countries were taking strong steps towards a more glorious future.

Addressing the Indian diaspora at the Ronald Reagan Building in Washington, D.C., Prime Minister Modi said, “In these three days, a new glorious journey in India-US relations has begun. This new journey is our global Convergence” The strategic issue of our collaboration to make for India, make for the world. “

In a major announcement on the occasion of Indian Prime Minister Narendra Modi’s visit to the United States on Thursday, GE Aerospace announced that it has signed a Memorandum of Understanding (MoU) with Hindustan Aeronautics Limited (HAL) for the Indian Air Force Produces fighter jet engines.

The agreement includes possible joint production of GE Aerospace’s F414 engine in India. GE Aerospace said in a release that it will continue to work with the U.S. government to obtain the necessary export authorizations. This work is part of the Indian Air Force’s Mk2 Light Fighter Program.

The US company said the signing of the MoU with HAL to produce fighter jet engines for the Indian Air Force is an important milestone on Prime Minister Modi’s official state visit to the US and a key element in strengthening defense cooperation between the two countries. The MoU was announced ahead of Prime Minister Modi’s bilateral talks with US President Joe Biden on Thursday.

(This is an unedited and auto-generated story from a syndicated news feed, the latest staff may not have modified or edited the body of content)


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