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US investments and technology partnerships with India set to grow

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Washington: Ahead of Indian Defence Minister Manohar Parrikar’s visit to the US, a key trade group has expressed confidence that as India continues reforms US investments and important technology partnerships with Indian industry will grow significantly.

Members of the US-India Business Council (USIBC) comprising 350 top-tier US and Indian companies hosted a Defence Policy Group (DPG) delegation from India ahead of Parrikar’s visit to the US in December. Senior Indian defence ministry officials are in the US for bilateral meetings with the US Department of Defence to discuss progress on joint initiatives such as the US-India Defense Policy Group (DPG) and Defence Technology and Trade Initiative (DTTI).

Welcoming the delegation to Washington, USIBC President Dr Mukesh Aghi welcomed Government of India’s recent announcements allowing FDI up to 49 percent under the automatic route and beyond that with the Foreign Investment Promotion Board’s (FIPB) approval.

Former US Secretary of Defence, William S. Cohen, and board member of USIBC said he was encouraged by the unprecedented level of engagement between the two governments and the private sector in the area of defence.

“As the Government of India continues its reform effort and streamlines the defence procurement process, I am confident that US investments and important technology partnerships with Indian industry will grow significantly in support of India’s indigenization and national security goals,” he said.

Swami Iyer, Vice President, Honeywell Defense and Space, and Chair of USIBC’s Defence Executive Committee said: “With diligent collaboration, both government and industry can showcase Make in India and India’s improved ease of doing business in current and future defence procurements.”

“We believe continued success in US-India defence trade can be a great enabler for India’s economy and national security.”

The US-India bilateral defence relationship has grown in a robust manner from a mere $200 million in defence trade in 2000 to over $14 billion.

Boeing recently announced that it had won a $3 billion contract from the Indian Ministry of Defence for production, training and support of 22 AH-64E Apache attack helicopters and 15 CH-47F Chinook heavy-lift helicopters.

The order includes options to further buy 11 Apache and 7 Chinook helicopters. These aircraft are being acquired by the Indian Government on Direct Commercial Sales (DCS) basis while their weapon systems like radars and missiles would be through the Foreign Military Sales (FMS) route from the US Government.

(Arun Kumar, IANS)

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First Hindu Temple Lays Foundation Stone in Abu Dhabi

The temple will be built in phases with all the pink stones and marble being transported from Rajasthan to the UAE capital, the Khaleej Times said

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abu dhabi, hindu temple
The temple is being built on 13.5 acres (55,000 square metres) of land gifted by Abu Dhabi Crown Prince Sheikh Mohammad Bin Zayed Al Nahyan to the Indian community. Wikimedia

The historic foundation stone-laying ceremony of the first traditional Hindu temple in Abu Dhabi was performed on Saturday in the presence of officials from India and the United Arab Emirates as well as thousands of members of the community.

The ceremony was presided over by Mahant Swami Maharaj — the spiritual leader of BAPS Swaminarayan Sanstha — the organisation building the temple, along with other priests. Indian Ambassador Navdeep Suri attended the event in the presence of over 2,500 Indians from the UAE and across the world, according to Gulf News.

Suri and BAPS Hindu Mandir committee head and community leader B.R. Shetty were among those who laid foundation stones. Some 50 priests from India were part of the ceremony, the Khaleej Times reported.

Crown Prince, abu dhabi, hindu temple
Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan. Wikimedia

UAE’s Minister of Climate Change Thani Al Zoyoudi and Ahmad Bilhoul Al Falasi, Minister of State for Higher Education and Advanced Sciences, were among the attendees.  The temple will be built in phases with all the pink stones and marble being transported from Rajasthan to the UAE capital, the Khaleej Times said.

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The stones of the temple will be hand-carved by artisans in India and then transported to Abu Dhabi. Once completed, this will be the first traditional Hindu stone temple in the Middle East.

The temple is being built on 13.5 acres (55,000 square metres) of land gifted by Abu Dhabi Crown Prince Sheikh Mohammad Bin Zayed Al Nahyan to the Indian community. (IANS)