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Obama and 200 corporate heavies to India to sell nuclear technology

Over 200 US corporate chiefs are accompanying Mr Obama, including Jeffrey Inmelt of GE, seeking to sell to India civil nuclear equipment worth billions of dollars.

US trade drive in India includes arms and civil nuclear material – The Irish Times – Sat, Nov 06, 2010, RAHUL BEDI in New Delhi US PRESIDENT Barack Obama arrives in India today on a three-day official trip that promises to be high on ceremony and sentiment but somewhat low on tangible “deliverables”….
Over 200 US corporate chiefs are accompanying Mr Obama, including Jeffrey Inmelt of GE, seeking to sell to India civil nuclear equipment worth billions of dollars. They are to attend a meeting of business leaders in Bombay (Mumbai), where the US president begins his visit at the weekend as part of the trade push. Some contract announcements are expected……

Analysts said the anticipated deals were expected to neutralise earlier criticism by Mr Obama of US corporations outsourcing operations to India, and his penalising of them for doing so.

Overall discussions will take forward long-pending issues such as the easing of US curbs on hi-tech, dual-use technology imposed on New Delhi after its 1998 nuclear tests; stalled export of US civilian nuclear equipment and deepening military, security and counter-terrorism ties…….
Mr Obama hopes to appreciably increase US defence sales to New Delhi, which since 2001 have totalled around $12-13 billion.

US trade drive in India includes arms and civil nuclear material – The Irish Times – Sat, Nov 06, 2010

November 6, 2010 - Posted by | India, politics international, USA | , , , , ,

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