GE Aerospace-HAL deal, drones, semiconductor enterprise and extra: How PM Modi’s US State go to goes to profit India

Prime Minister Narendra Modi and US President Joe Biden bolstered the Indo-US partnership as the 2 nations signed main offers in numerous sectors on Thursday, June 22. These offers won’t solely strengthen Indo-US ties however may also play a major position in countering China’s world affect. 

In a joint assertion, PM Modi and President Biden stated that the partnership between the 2 nations will advance the aspirations of the folks for “a bright and prosperous future grounded in respect for human rights, and shared principles of democracy, freedom, and the rule of law.”

Here are the small print of the offers which have been agreed upon throughout PM Modi’s state go to to the United States:

India-US house cooperation

Prime Minister Narendra Modi on Thursday stated that India has determined to signal the Artemis Accords taking ahead the Indo-US house cooperation. 

#ModiUSVisit2023 | We have agreed to affix the Artemis Accords. We have taken an extended leap in our house cooperation, says PM @narendramodi in a Joint Press assertion with US President @JoeBiden#ModiInUSA #IndiaUSAPartnership #USWelcomesModi pic.twitter.com/eTx9Zc6M22

— DD News (@DDNewsreside) June 22, 2023

NASA and ISRO have agreed to collaborate on a strategic framework for human spaceflight by the top of 2023. NASA will practice Indian astronauts on the Johnson Space Centre in Houston, Texas, with the aim of launching a joint mission to the International Space Station in 2024.

“The leaders celebrated the delivery of the NASA-ISRO Synthetic Aperture Radar (NISAR) satellite to ISRO’s UR Rao Satellite Centre in Bengaluru, India, and looked forward to NISAR’s 2024 launch from India,” in response to a joint assertion.

President Biden counseled India for signing the Artemis Accords, which advance a shared imaginative and prescient of house exploration for the advantage of all humanity.

Artemis Accords

The Artemis Accords make sure that house exploration is finished safely, sustainably, and transparently, in full line with worldwide regulation. Australia, Canada, Italy, Japan, Luxembourg, the United Arab Emirates, the United Kingdom, and the United States are the unique members of the Artemis Accords. With extra nations growing a presence in house, whether or not by analysis stations, satellites, or rocket launchers, the Artemis Accords present a algorithm to foster exploration, science, and business operation.

Micron to speculate $825 million for a semi-conductor facility in India

Alongside house cooperation, the United States and India are becoming a member of forces to develop a semiconductor ecosystem that encourages provide chain diversification.

Micron Technology, Inc. has introduced plans to speculate as much as $825 million in Gujrat to develop a brand new semiconductor manufacturing and testing plant with authorities assist. The whole $2.75 billion funding would generate as much as 5,000 new direct and 15,000 neighborhood job alternatives over the next 5 years. PM Modi and US President Biden each lauded the choice. 

According to a press assertion launched by Micron Technology, the brand new facility will allow meeting and check manufacturing for each DRAM and NAND merchandise, as well as, to assembly demand from home in addition to worldwide markets.

Over the following a number of years, Micron’s facility in Gujarat will create as much as 5,000 new direct Micron jobs and 15,000 neighborhood jobs.

Indo-US cooperation within the telecommunication sector, Quantum computing, and Artificial Intelligence

Prime Minister Modi and US President Joe Biden launched two Joint Task Forces on fashionable telecommunications, specializing in Open RAN and 5G/6G analysis and growth. 

According to a joint assertion made by the 2 nations, public-private cooperation between distributors and operators could be led by India’s Bharat 6G Alliance and the United States Next G Alliance. 

Another vital development is the collaboration within the realm of quantum computing. The two nations have shaped a joint Indo-US Quantum Coordination Mechanism to reinforce collaboration between trade, academia, and authorities, with the aim of finally reaching an entire Quantum Information Science and Technology accord.  

PM Modi and President Biden additionally vowed to advance AI schooling and workforce efforts, selling enterprise prospects, and mitigating discrimination and bias by joint and worldwide engagement on reliable and accountable AI, together with generative AI. The US additionally helps India’s management as Chair of the Global Partnership on Artificial Intelligence. 

Indo-US defence partnership deepens as US’s GE Aerospace indicators cope with India’s HAL

On Thursday, the US defence big GE Aerospace introduced that it has signed an MoU with India’s Hindustan Aeronautics Limited (HAL) to fabricate fighter jets for the Indian Airforce. GE Aerospace can be producing its F414 jet engines in India for HAL’s Light Combat Aircraft Mk 2. 

GE Aerospace’s F414 jet engine (Image supply: GE Aerospace)

With the signing of this MoU, India is ready to turn out to be the fifth nation on this planet to provide jet engines, becoming a member of the United States, Russia, France, and the United Kingdom. Along with bolstering its army capabilities and increasing defence manufacturing, the deal will help in changing India’s getting older fighter fleet.

In their joint assertion on Thursday, PM Modi and President Biden dedicated their governments to work collaboratively and expeditiously to “support the advancement of this unprecedented co-production and technology transfer proposal.”

Amidst PM Modi’s go to, ‘in-country’ renewable H1B visas for expert Indians

As a part of the people-to-people initiative, the US authorities introduced on Thursday the introduction of ‘in-country’ renewable H-1B visas. The resolution is anticipated to make the method of renewing H-1B visas simpler for numerous Indians who’re presently working within the United States on H-1B visas. Indian professionals would not must journey overseas to resume their work visas. Notably, the H-1B visa is a non-immigrant visa that enables US firms to rent overseas employees in specialised vocations requiring theoretical or technical capacity.

“The leaders welcomed an announcement by the US Department of State that it would launch a pilot to adjudicate domestic renewals of certain petition-based temporary work visas later this year, including for Indian nationals, with the intent to implement this for an expanded pool of H1B and L visa holders in 2024 and eventually broadening the program to include other eligible categories,” the Modi-Biden joint assertion reads.

India to acquire MQ9B reaper drones for the Indian armed forces

In main breakthrough for the India-US strategic and defence partnership and a significant constructive consequence of PM Modi’s go to to the US, India can be shopping for 31 MQ9B Predator drones from the US-based General Atomics Aeronautical Systems, Inc. (GA-ASI) by way of government-to-government and overseas army gross sales route for roughly US$ 3 billion. 

Both Prime Minister Modi and President Biden counseled India’s plans to get General Atomics MQ-9B HALE UAVs.  The MQ-9Bs, which can be constructed in India, would enhance India’s army forces’ ISR capabilities throughout domains. According to the joint assertion by the 2 leaders, General Atomics may also develop a Comprehensive Global MRO facility in India as a part of this plan to assist India’s long-term goals of accelerating indigenous defence capabilities.

This comes after the US final 12 months provided Transfer of Technology (ToT) to facilitate India in manufacturing unmanned aerial automobiles (UAVs). The negations that had been ongoing since final 12 months lastly materialized on Thursday.