NEW DELHI: US President Donald Trump, during his visit here, will be meeting a number of executives of large Indian companies focusing on job creation and manufacture in USA.
According to details decision makers of Indian Oil and Gas Company Reliance Induststries, Diversified Group Tata Sons and Auto Sector Companies including Bharat Forge, Mahindra and Mahindra and Motherson etc will have a rendezvous with Trump on 25th of February, 2020.
It is pertinent to mention here that Mahindra last year said it would invest another $1 billion in the US and was committed to creating American jobs, Bharat Forge has announced plans to invest $56 million to set up a new plant in North Carolina. According to sources no executive of US companies would participate in the huddle.
India to finalize helicopter deal before Trump’s visit
11th of February, 2020
NEW DELHI: In an attempt to reaffirm strategic ties with US India will approve the $2.6 billion deal for Lockheed Martin Naval Helicopters before the arrival of President Donald Trump here later this month.
According to details Indian government is all set to finalize the deal apropos purchase of 24 MH-60R Seahawk helicopters for its navy in the next two weeks.
It is pertinent to mention here that since 2007, when it stopped relying on Russia, defense purchases of India from the US have reached $17 billion.
It has been insinuated that India is attempting to take advantage of the deteriorating trade ties between US and China that is presently fighting against the menace of Coronavirus.
Trump to end India’s preferential trade status
5th of March, 2019
NEW YORK: US President Donald Trump has said he plans to end a trade arrangement that allows India to send billions of dollars’ worth of its exports into the U.S. duty-free.
Trump, who has criticized India as a “very high-tariff nation,” announced his get-tough stance in a letter to congressional leaders late Monday, according to media reports.
He said despite “intensive engagement” between the American and Indian governments, the United States had not been granted equitable or reasonable access to India’s markets.
Therefore, he would no longer recognize India as a beneficiary of the Generalized System of Preferences programme (GSP) — a programme that gives preferential, duty-free status to more than 100 countries in the developing world.
“I will continue to assess whether the government of India is providing equitable and reasonable access to its markets,” Trump said.
The decision will affect $5.6 billion worth of exports, according to media reports, which said India is the largest beneficiary of GSP program.app
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