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Free AccessINDIA: Modi And Biden To Announce New Defence Agreements
Indian Prime Minister Narendra Modi will arrive in Washington today ahead of his White House State Visit on Thursday. After a bilateral with President Biden on Thursday, Modi will address a joint session of Congress.
- The two leaders will announce a raft of arms deals and defence agreement designed to entice Delhi out of Moscow’s orbit and position India as a counterweight to China in the Indo-Pacific.
- Reuters: “Washington and New Delhi, whose relationship was marked by mutual suspicion during the Cold War, have been moving closer for over two decades now...”
- Semfor: “Senior Biden administration officials have described India as the U.S.’s most consequential bilateral relationship for the coming century.... But it’s not clear if Modi — or any other Indian leader — truly wants to embrace this role as Beijing’s foil.”
- The most significant deal will be a technology-transfer agreement which will allow General Electric to jointly manufacture jet engines for India’s next generation aircraft. Semafor notes that, “such a sharing of advanced U.S. defense technology is rare… and signals Washington’s desire to transform India into a major strategic partner in Asia.”
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.