Elite Wealth Limited
Elite Wealth Limited
February 14, 2025 at 03:59 AM
*Strengthening US-India Ties: Key Outcomes from the Modi-Trump Meeting* • They are finalizing a *10-year defense partnership from 2025 to 2035,* which includes joint defense projects and technology sharing. Ongoing defense procurement talks cover land and air systems, and there will be discussions on simplifying defense equipment trade between them. • The president of the US and India launched Mission-500, *which aims to more than double trade between the two countries to $500 billion by 2030.* They also plan to negotiate the first part of a trade agreement by fall 2025, which will cover multiple sectors. The goal is to improve trade in both goods and services through a more connected approach. • The US and India have launched two key initiatives: 1. *Autonomous Systems Industry Alliance* : This partnership focuses on developing and producing autonomous systems, especially for defense and technology, with an emphasis on underwater domain awareness. This will strengthen their collaboration in advanced defense technologies. 2. *US-India 'TRUST' Initiative:* This initiative, which stands for *Transforming the Relationship Utilizing Strategic Technology, aims to boost cooperation in emerging technologies* . It will bring together governments, universities, and private companies to drive innovation in areas like defense, AI, semiconductors, quantum computing, biotechnology, energy, and space • President Donald Trump said, U.S. and India have struck an agreement that includes *India importing more U.S. oil and gas to shrink the trade deficit between the two countries.* • Trump announced plans for a massive new trade route, described as the *"biggest in history.* " This route will connect multiple countries: starting from the US, passing through India, Israel, and Italy. It will link different transportation systems like roads, railways, and undersea cables, creating a powerful infrastructure network for trade and communication between these nations.

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