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Obama's India trip sees 10 billion-dollars worth of deals

Business Materials 6 November 2010 16:50 (UTC +04:00)
Deals worth 10 billion dollars and expected to create over 50,000 jobs in the United States were announced on President Barack Obama's visit to India, the White House said Saturday, reported dpa.
Obama's India trip sees 10 billion-dollars worth of deals

Deals worth 10 billion dollars and expected to create over 50,000 jobs in the United States were announced on President Barack Obama's visit to India, the White House said Saturday, reported dpa.

The deals included a preliminary agreement between Boeing and the Indian Air Force for 10 C-17 Globemaster III military transport aircraft, in a deal valued at 4.1 billion dollars and expected to support 22,160 jobs.

Another order, by commercial carrier Spicejet, for 33 Boeing 737s was valued at 2.7 billion dollars, the White House statement said.

General Electric had got a supply and maintenance contract valued at 750 million dollars from India's Reliance Power Limited and another for engines for light combat aircraft produced by the state-run Indian Aeronautical Development Agency for 822 million dollars.

Other deals included orders for mining and tunnelling equipments and telecommunications systems.

Obama is also expected to announce easing of US controls on exports to India to boost trade in high technology items, NDTV news channel reported.

India has long been demanding that the US lift a ban on the export of sensitive technology that could be used for civilian and military purposes.

Business is top of Obama's agenda during his trip to India.

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