Home Asia Revival of economy crucial: US ambassador

Revival of economy crucial: US ambassador

58
0
SHARE

LUCKNOW: US ambassador to India Kenneth Juster on Tuesday said that a range of defence deals with India were expected to be announced in the near future, many of which were in the pipeline. He added that US companies were also keenly pursing opportunities in both the UP and Tamil Nadu defence corridors.
In Lucknow to attend the 11th Defence Expo which is to begin from Wednesday, Juster further expressed concern over an economic slowdown in India, adding that the situation affects all elements of the country, “including its ability to modernise defence capabilities”.
India must move towards systems that are agile & resilient: US envoy
While travelling in India I see enormous potential for industry partnership between our two countries for state-of-theart defence equipment. US firms participating in this event are partnering with companies across India to produce defence equipment not just for our countries militaries, but for those of partner nations too,” Juster said, giving example of partnership between Tata and Lockheed Martin to build C-130 tails and F-16 wings, and a collaboration between Boeing and HAL to produce AH-64 Apache fuselages in Hyderabad.
“My first hope is that the economy revives and growth increases because that will also increase funds available for defence expenditure, which is very important for India. It is important to look at the life cycle value of what one purchases than its immediate purchase price. I hope this sharpens the focus on getting the best value, and thatRead More – Source

[contf] [contfnew]

times of india

[contfnewc] [contfnewc]