Biden and Modi's deals include drones, jet engines, and chips:
Leaders will announce pacts during the state
visit to the White House
Micron plans a $2.75 billion semiconductor fab in
India
President Joe Biden and Indian Prime Minister Narendra Modi will announce a
series of defense and trade deals designed to improve military and economic
ties between their nations during Thursday's state visit to the White House,
senior US officials said.
General Electric Co. unveiled plans to jointly manufacture F414 engines
with Indian state-owned Hindustan Aeronautics Ltd. for the Tejas light attack
aircraft, as part of an effort to improve defense and technology exchanges as
China grows more assertive in the Indo-Pacific.
Biden and Modi will discuss a deal for General Atomics' MQ-9B SeaGuardian
drones and a new defense pact that will allow US Navy ships to carry out major
repairs at Indian shipyards.
And the two leaders plan to launch a series of semiconductor deals aimed at
using Indian subsidies to enable the South Asian country to manufacture cutting-edge
technology.
Micron Technology Inc. will announce an investment of more than $800
million in a $2.75 billion semiconductor assembly and test facility in India,
while Applied Materials Inc. will announce a new commercialization center and
semiconductor innovation. Chipmaker Lam Research will also announce a training
program in India for up to 60,000 engineers.
The deals are unfolding as India seeks to increase its engagement on the
world stage both diplomatically and economically, the officials, who detailed
the plans ahead of their official announcement on condition of anonymity, said
in a call. with journalists.
The announcements - which also include closer cooperation between the
countries space programs as well as US efforts to facilitate visas for Indian
workers - come on a day of elaborate pageantry for Modi, who will attend his
first-ever official state visit to the White House.
The visit includes meetings with Biden and senior US officials, a brief
press conference - a rarity for the Indian leader - and an afternoon address to
the US Congress. Upon his arrival on Wednesday evening, the Bidens presented
Modi with a vintage American camera, a book of American wildlife photography
and a signed first edition of Robert Frost's Collected Poems.
The US State Department also plans to launch a pilot program that would
allow certain visas to be renewed domestically, meaning workers would not have
to return to their home countries to extend their US residency. United. Some
Indians in the United States on H-1B and L-1 visas — frequently used by skilled
workers and business executives — would be eligible for the program.
US aides said Indian officials were pleased with their efforts to cut red
tape that had hampered past deals, and said they were determined to ensure that
the deals announced on Thursday materialize.
However, moments of tension are also expected in the meetings between the
two leaders. India has been reluctant to impose sanctions on Russia since the
invasion of Ukraine and has been aggressively buying Russian oil. The South
Asian nation received 1.96 million barrels a day from Russia last month, 15%
more than the previous record in April, according to data from Vortexa Ltd.
White House National Security Council spokesman John Kirby told reporters
earlier this week that the United States hoped India would continue to adhere
to the price cap on Russian oil that Washington helped set. negotiate.
Biden is also expected to raise human rights issues with Modi, and the
addition of Thursday's press conference - which was not included in an initial
White House visit schedule - has been seen as a minor victory by some in the
White House.
US officials declined to say whether Biden would advocate for the release
of specific journalists who have been jailed as part of a crackdown by Modi's
government against journalists and opposition leaders. Instead, an official
said the US president would likely approach the discussion with humility,
acknowledging the challenges he saw the United States also faces on human
rights and democracy.