India's defence industry now supplies to over 90 countries, with exports growing by more than 30 times in 10 years. Equipment exported is wide-ranging, from small arms to armoured vehicles.
Singh will meet the US Defence Secretary and National Security Advisor amongst others. He will also chair a high-level roundtable meeting with the US defence industry.
Defence Secretary says India-US want to co-develop, co-produce equipment required by the 2 nations, adding that production plan will be drawn up once army's military’s needs are finalised.
Initiative launched in June for co-production of advanced defence technologies by Indian & American start-ups with involvement of govts, businesses, academic institutions.
During the joint military exercise, the 2 nations will practice launching relief efforts in case of natural calamities. Focus will also be on humanitarian & some anti-terrorism operations.
Without the govt enabling the public and private sectors, the deals signed between Modi and Biden won't realise their potential in strengthening India’s military power.
While the deal is yet to be inked formally, it was part of the joint statement released following a meeting between PM Narendra Modi and US President Joe Biden this week.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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