• Wednesday, July 24, 2024

Business

India and US commit to overcome trade, tech barriers

The commitment was made at a meeting between the national security advisers of the two countries, Ajit Doval and Jake Sullivan

Narendra Modi meets with US National Security Advisor (NSA) Jake Sullivan in New Delhi. (ANI Photo)

By: Pramod Thomas

INDIA and the US on Monday (17) committed to action to address barriers to bilateral strategic trade, technology and industrial cooperation.

The commitment was made at a meeting between the national security advisers of the two countries, Ajit Doval and Jake Sullivan, during Sullivan’s two-day visit to New Delhi.

The US and India are forging deeper strategic ties, with mutual concerns about an ascendant China in the Indo-Pacific region, even though India has maintained its close relationship with Russia despite its invasion of Ukraine in 2022.

Sullivan and his Indian counterpart chaired the second meeting of the India-US initiative on critical and emerging technology, which they launched in January 2023.

Without naming any country, a joint fact sheet of the meeting shared by the Indian government said Sullivan and Doval “resolved to prevent the leakage of sensitive and dual-use technologies to countries of concern”.

They also launched a new strategic semiconductor partnership between US and Indian companies for precision-guided ammunition and other national security-focused electronics platforms, it said.

They also agreed to co-invest in a lithium resource project in South America and a rare earths deposit in Africa “to diversify critical mineral supply chain” and committed to soon conclude a bilateral critical minerals pact for graphite, gallium and germanium.

Last year, during Modi’s state visit to Washington, India had announced buying 31 MQ-9B drones from General Atomic, and the two countries had started discussions to jointly produce General Electric’s fighter jet engines by Hindustan Aeronautics in India, which is yet to be finalised.

Sullivan and Doval also discussed possible co-production of land warfare systems.

The visit is the first by a high-ranking US official since prime minister Narendra Modi returned to office with the help of allies as his party failed to win a majority.

Modi met US president Joe Biden on the sidelines of the G7 Summit in Italy last week. Sullivan met Modi and foreign minister Subrahmanyam Jaishankar earlier in the day.

The relationship between Washington and New Delhi has been tested after the US accused Indian government agents of plotting to murder a Sikh separatist leader on US soil last year, after Canada made similar allegations. India dismissed the Canadian accusations, but initiated an investigation into the US allegations.

The US has extradited an Indian national from the Czech Republic, whom it has indicted for the foiled assassination plot.

(Reuters)

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