PM Modi's Big Praise For US Fighter Jet Engine Deal Under 'Make-In-India'
NDTV
The agreement includes joint production of GE Aerospace's F414 engines in India.
Prime Minister Narendra Modi on Friday said that the decision of General Electric Company (GE) to manufacture fighter planes in India will prove to be a milestone for India's defence sector, as both nations are taking strong steps towards a better future through their cooperation.
During his address to the Indian community at the Ronald Reagan Building in Washington, DC, PM Modi said,"In these 3 days, a new and glorious journey of India and the US relations has begun. This new journey is of our convergence on global strategic issues, of our cooperation for Make in India, Make for the World."
PM Modi said, "Be it technology transfer and manufacturing cooperation or increasing coordination in the industrial supply chain, both nations are taking strong steps towards a better future. The decision of General Electric Company to manufacture fighter planes in India will prove to be a milestone for India's defence sector."
In a major announcement coinciding with Prime Minister Narendra Modi's visit to the United States, GE Aerospace on Thursday announced that it has signed a Memorandum of Understanding (MoU) with Hindustan Aeronautics Limited (HAL) to produce fighter jet engines for the Indian Air Force.
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