'Steps taken by Modi, Obama key for trust in Ind-US defence

Image
Press Trust of India New Delhi
Last Updated : Jan 23 2015 | 6:05 PM IST
Ahead of US President Barack Obama's visit to the country, Boeing India today said that the initiatives taken by the American President and Prime Minister Narendra Modi constitute a "very important" direction for building trust for the supply of defence equipment to India.
Participating in the 'India Today Global Roundtable' here, President of Boeing India, Pratyush Kumar, opined that the continuous dialogue between the two countries as part of their Defence Trade and Technology Initiative (DTTI) would eventually lead to a trust-based relationship.
"Trust is being built as we go and the initiatives taken by President Obama and Prime Minister Modi are very important in that regard. It is a foundation on which the next progress will be made," Kumar said.
On the 'Make in India' drive, the Boeing India President said that their company was already part of the initiative for which he, however, sought some tweaking of rules "around the edges" so as to enable manufacturing across various sectors.
Speaking on the occasion, the CEO and MD of BrahMos Corporation, Sudhir Mishra, said that 'Make in India' was not just limited to production but also involves the training of engineers.
"Make in India... Is basically that the knowledge has to be made in India. That is the key," he said.
The US President is to be the Chief Guest for the Republic Day celebrations this year and will be coming to India on a three-day visit.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 23 2015 | 6:05 PM IST

Next Story