Feb 8, 2011
| By Neelam Mathews email@example.com |
| U.S. Commerce Secretary Gary Locke says the recent relaxing of export restrictions for India’s defense and space industry will boost military trade with the country.|
Nine Indian companies were recently removed from the Commerce Department’s so-called “Entity List,” including a number of labs within the Indian Space Research Organization and Defense Research and Development Organization (Aerospace DAILY, Jan. 31).
“These are the first steps in changing export control policies,” Locke says.
Bengaluru was Locke’s second stop after New Delhi on his high-technology business development trade mission to India, where he is joined by a U.S. delegation of representatives of 24 companies related to civil nuclear energy, civil aviation, defense/homeland security, and information and communications technology.
Locke also visited Hindustan Aeronautics Ltd. (HAL) facilities. The company has partnered with leading U.S. aerospace manufacturers such as Boeing, Honeywell and Lockheed Martin on several projects. The U.S. export content value for HAL is $40-50 million annually.
“HAL’s supplier and partnership arrangements with U.S. companies are producing tangible benefits for both our economies by generating greater industrial cooperation and commercial commitments, technology sharing and high-value jobs in both countries,” Locke says.
“We look forward to making continued progress, not just to lay the groundwork for more sales of U.S. goods in India, but to take another real step toward strengthening the bonds,” Locke adds.
Gary Locke photo: U.S. Commerce Department