New Delhi, Feb 14 (NVI) Prime Minister Narendra Modi tonight concluded his two-day visit to the US where he held detained talks with President Donald Trump on a range of issues including bilateral trade, defence, nuclear cooperation and fight against terrorism.
Here are the key takeaways from the talks:
Trade:
Prime Minister Modi and President Trump announced a framework to strengthen both sides economically and set a bilateral trade target of 500 billion dollars for 2030.
They also announced US-India COMPACT, which will deepen every aspect of bilateral partnership and friendship.
Trump acknowledged India’s recent reductions to tariffs that limit US access to the Indian markets as a symbol of good faith. He flagged the $100 billion US trade deficit and steps to reduce it.
We want a level playing field and we can easily make up that deficit with the sale of oil and gas, Trump said.
The two countries will work together to help build one of the greatest trade routes in history. India to Israel to Italy to the US will be connected by ports, railways and undersea cables.
India and the US will take their bilateral trade to $500 billion by 2030. A trade deal is being worked on that will increase India’s coal and gas trade with US, energy infrastructure, increasing small nuclear power plant infra and improve joint production and joint transfer of technology.
I-MEC and I2U2 economic corridor and connectivity infrastructure.
New Indian consulates in Los Angeles and Boston will be opened.
American universities will open offshore campuses in India.
Defence:
Starting this year, the US will increase military sales to India. Trump paved the way to sell India the advanced F-35 stealth fighters.
Crucial to strengthen the QUAD and maintain peace, prosperity and tranquility in the Indo-Pacific, Trump said.
India and the US will be working together like never before to fight the radical Islamist threat all over the world, the US president said.
Autonomous Industry System Alliance to be prepared which is a blueprint to strengthen defence cooperation, Modi said.
We will work together to ensure peace, and tranquility in the Indo-Pacific region; QUAD will work closely on this, said the Indian prime minister.
Trump approved the extradition of Tahawwur Rana, one of the plotters of the 26/11 Mumbai terror attacks to face trial in India.
Tech:
India and US will work together on advancements in the fields of AI, semiconductors, quantum, biotech and technology.
India is reforming its laws to welcome US nuclear energy. Advanced technologies, AI will be developed jointly by India and the US.
Through TRUST — Transforming Relationships Utilising Strategic Technology — strong supply chains to be built for critical minerals, advanced materials, pharmaceuticals.
India and US will also work together for recovery and processing initiatives of lithium and rare earths.
ISRO and NASA will collaborate to launch NISAR satellite on an Indian spacecraft. (NVI)
