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Indo-US trade

·         On July 3, 2008 at Mumbai, outgoing consul-general Michael Owen said that Indo-US relations have reached a new high as India gear to launch four US satellites and trade expected to more than double to touch $ 100 billion in the next 3-4 years.

·         After successful launch of Israeli, German and Canadian satellites from Shriharikota near Chennai, four US satellites are to be launched by Indian launch vehicles.

·         Regarding defence collaboration with India, the American companies are responding to Indian competitive tender for military hardware and fighter aircrafts like F-16 and F-18.

·         American companies are going for co-production with the Indian companies, Owen said.

·         There have been a series of agreements in various fields like energy, agriculture, trade, investment and open sky policies which were not there 15 years back.

 

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