$10 billion in Trade Deals with India Announced by President Barack Obama

By on Nov 6, 2010 in United States Comments

According to several international news sites, President Barack Obama announced a US-India trade deals worth $10 billion that are expected to create 54,000 U.S. jobs. He also revealed that there will be new rules to make it easier for U.S. companies to do business with India’s 1.2 billion people.

Reports say that the commercial deals include purchase of thirty three 737s from Boeing by India’s SpiceJet Airlines and the Indian military’s plans to buy aircraft engines from General Electric.

The announcements were made shortly after Obama arrived in Mumbai, to commemorate the 2008 terror attacks that killed 166 people across the city. The president said that he intended to send a signal by making Mumbai the first stop on four-country Asia trip.

Spread The News!

Tags: , ,


Related News

What's On Your Mind?