India, US renew defence pact; to pursue co-production projects

January 25, 2015

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New Delhi, Jan 25: Vowing to take defence ties to a "new level", India and the US today renewed their 10-year Defence Framework Agreement and agreed in principle to pursue joint development and production projects.

The new framework will enhance bilateral defence partnership by stepping up joint military exercises and through more in-depth intelligence-sharing, maritime security efforts among others.

"Today, we have also decided to take our growing defence cooperation to a new level. We have agreed, in principle, to pursue co-development and co-production of specific advanced defence projects," Prime Minister Narendra Modi said after holding extensive talks with visiting US President Barack Obama here.

Modi said this will help upgrade country's domestic defence industry and expand the manufacturing sector in India.

He added that both countries will also explore cooperation in other areas of advanced defence technologies.

The Prime Minister did not specify what these projects were.

"We have renewed our Defence Framework Agreement. We will deepen our cooperation on maritime security," he said in a joint media interaction.

Obama, who arrived today on a three-day visit, welcomed the renewal of the pact and said it will guide the bilateral defence cooperation for next ten years.

"We agreed to deepen our defence and security cooperation.... And in a major step forward for our relationship, defence technology and trade initiative will allow us to jointly develop and produce defence technologies," he said.

Obama added that both Modi and he have also agreed to a "new vision for Asia Pacific".

"We are doing together more to advance our shared security and prosperity in this critical region," he said.

The first framework agreement, which expires this year, was signed in the US in 2005 by the then Defence Minister Pranab Mukherjee and his US counterpart in the previous George W.Bush administration, Donald Rumsfeld.

The most-significant aspect would be the Defence Trade and Technology Initiative (DTTI) — aimed at enhancing the ones existing under the Defence Policy Group, which lay out the path for future defence cooperation.

The US is pushing for what it calls "transformative defence technologies" for co-development and co-production with India under DTTI, which could become the hallmark of the Modi government's 'Make-in-India' initiative.

The US has offered India 17 hi-tech items of military hardware for co-production and co-development under DTTI.

Of the 17, India is understood to be interested in five, including unarmed unmanned aerial vehicles (UAVs) and aircraft landing system for aircraft carriers.

Hectic parleys were being held between the two countries on the defence front.

Frank Kendall, Under Secretary of Defence for Acquisition, Technology and Logistics (AT&L), arrived earlier this week here to hold discussions with Indian officials to come up with some "concrete" deliverables.

He is the Pentagon's point person on India-related defence issues, in particular on the India-US Defence Trade and Technology Initiative (DTTI).

His primary objective is to continue momentum on DTTI, which promotes collaboration on defence technology and enables co-production and co-development of critical defence systems.

Defence Minister Manohar Parrikar had earlier said expansion of DTTI with the US can be expected during the high-profile visit.

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News Network
January 20,2020

New Delhi, Jan 20: Surging inflation and slowing growth are raising serious concerns about the future growth prospects of the economy and as a remedial measure the government should resolve supply-side hurdles and ensure more stringent governance norms, a report said on Monday.

According to the Dun and Bradstreet Economy forecast, even though the Index of Industrial Production (IIP) turned positive in November 2019, it is likely to remain subdued.

"Slowdown in consumption and investment along with high inflationary pressures, geopolitical issues and uncertainty over the recovery of the economic growth are likely to keep IIP subdued," the report noted.

Dun and Bradstreet expect IIP to remain around 1.5-2.0 percent during December 2019.

As per government data, industrial output grew 1.8 percent in November, turning positive after three months of contraction, on account of growth in the manufacturing sector.

On the price front, uneven rainfall along with floods in many states and geopolitical issues have led to a surge in headline inflation even as demand remains muted.

The Consumer Price Index (CPI) in December rose to about five-and-half year high of 7.35 percent from 5.54 percent in November, mainly driven by high vegetable prices.

"The sharp rise in inflation has constrained monetary policy stimulus while revenue shortfall has placed limits on the government expenditure," Dun & Bradstreet India Chief Economist Arun Singh said.

According to Singh, growth-supporting measures and deceleration in growth are likely to cause slippage in fiscal deficit target by a wider margin.

"The government should focus on taking small steps to address the slowdown; in particular, resolve the supply-side hurdles and ensure more stringent governance norms," Singh said.

Unless these concerns are addressed through a comprehensive policy framework, it will not be easy for India to clock a sustainable growth rate to become a USD 5 trillion economy, he added.

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News Network
July 31,2020

New Delhi, Jul 31: Air India has operated more than 2800 flights and flown over 3 lakh passengers worldwide till now under the Vande Bharat Mission.

"Air India under Vande Bharat Mission Operated more than 2800 flights and flown more than 3 lakh, 80 thousand passengers worldwide till now," Air India said in a tweet on Thursday.

The fifth phase of the Government of India's 'Vande Bharat' mission, aimed at evacuating Indian nationals stranded in various foreign countries owing to restrictions on air travel, will begin early next month, August 1.

"Under Vande Bharat Mission, we have already brought back more than 2.5 lakh stranded Indians from 53 commies," Air India had earlier said in a statement.

Over 7.88 lakh Indians stranded abroad due to coronavirus pandemic have returned under Vande Bharat Mission till July 22, Ministry of External Affairs had said.

The government started Vande Bharat Mission on May 7.

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News Network
February 18,2020

New Delhi, Feb 18: Election strategist-turned-politician Prashant Kishor on Tuesday questioned the Nitish Kumar government's development model, even as he sneered at the chief minister for making ideological compromises to stay in an alliance with the BJP.

Kishor, who has been vocal about his opposition to the Citizenship (Amendment) Act (CAA), said Kumar needs to spell out whether he is with the ideals of Mahatma Gandhi or those who support Nathu Ram Godse.

"Nitish ji has always said that he cannot leave the ideals of Gandhi, JP and Lohiya... At the same time, how can he be with the people who support the ideology of Godse? Both cannot go together. If you want to stay with the BJP, I don't have any problem with it but you cannot be on both sides," he said.

"There has been a lot of discussion between me and Nitish-ji on this. He has his thought process and I have mine. There have been differences between him and me that the ideologies of Godse and Gandhi cannot stand together. As the leader of the party you have to say which side you are on," he added.

In a direct assault on Kumar's model of governance, Kishor said Bihar was the poorest state in 2005 and continues to be so.

"There has been development in Bihar during the last 15 years, but the pace has not been as it should have," he added.

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