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HomeNational NewsRajnath Singh invites US defense companies to invest in India

Rajnath Singh invites US defense companies to invest in India

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Indian Defense Minister Rajnath Singh on Monday urged American companies to come and invest in India and support the ‘Make in India’ programme. Singh told reporters at a joint press conference with External Affairs Minister S Jaishankar, his US counterpart, Defense Secretary Lloyd Austin and External Affairs Minister Tony Blinken, “I have spoken with American companies for the Make in India and aerospace and world programme. ” I have invited them for these applications.

“We are in talks with American companies for co-development and co-production,” Rajnath said. We have asked American companies to work in the UP and Tamil Nadu corridors and invest in that area. The India-US 2+2 ministerial talks with the Biden administration are the first. Responding to a question, Singh told reporters that he had requested him that India would focus on the co-development proposal and all investors should invest in India. We will welcome them. In India they can develop ‘Make in India’ because we want to make everything in India. However, in his inaugural address at the 2+2 ministerial meeting, Singh said that India attaches top priority to the strategic partnership with the United States. As the largest country and center of the Indian Ocean and as a democracy, India has an important role to play in the Indian Ocean region. India has also played a major role in the wider Indo-Pacific, following the Act East and Neighborhood First policy during the 2004 tsunami and the COVID pandemic in the region. We have signed eight different defense agreements.

Over the years, our two countries have also included the Space Awareness Agreement for the domain, which is being signed today. Despite the pandemic, the India-US military alliance has moved forward with higher efficiency in communication, closer information sharing and increased logistical support. In a decade, our defense equipment supplies from the United States have grown marginally to over US$20 billion. We look forward to welcoming US companies investing in India and companies supporting the Make in India program. We look forward to further expanding the scope of our defense cooperation to influence our shared vision of a free, open, inclusive and rules-bound Indo-Pacific region. India is working with the US to double its capabilities in the traditional and emerging defense sectors. Since the visit of Secretary Austin to India in March 2021, we have made good progress in a number of defense cooperation activities.

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Rajnath Singh invites US defense companies to invest in India

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