Obama in India: deals breakdown

[Fighter488]

Obama in India: deals breakdown​

November 7, 2010 11:07am
by James Fontanella-Khan

Barack Obama’s visit to India might have lacked a little in emotion and showmanship, but in business companies from the world’s two biggest democracies signed or committed to a total of $15bn worth of deals.

Beyondbrics has compiled a breakdown of the deals between US and Indian companies - with their approximate value and estimates of the potential jobs they could create.
Heavy Transport Aircraft:

Boeing and the Indian Air Force have reached preliminary agreement on the purchase of 10 C-17 Globemaster III military transport aircraft, a deal that will make the Indian Air Force the largest owner of a fleet of C-17s outside of the US.
Deal value: $4.1bn. Potential US jobs created: 22,160.

Engine Sale for the Light Combat Aircraft:

General Electric Company on October 1 was declared the lowest bidder and selected to negotiate a contract to provide the Indian Aeronautical Development Agency with 107 F414 engines to be installed on the Tejas light combat aircraft. The deal has yet to go through.
Deal value: $822m. Potential US jobs created: 4,440.

Commercial Aircraft Sale:

Boeing will sell SpiceJet, an Indian low-cost airline, sealed 30 new B737-800 commercial aircraft.
Deal value: $2.7bn. Potential US jobs created: 12,970 jobs.

Gas and Steam Turbine Sale:

General Electric Company singed a deal with Reliance Power, the energy group owned by billionaire industrialist Anil Ambani, to supply six advanced class 9FA gas turbines and three steam turbines for the 2,500-megawatt Samalkot power plant expansion.
Deal value: $750m. Potential US jobs created: 2,650.

Reliance Power and US Ex-Im Bank Agreement:

The US Export–Import Bank and Reliance Power signed a Memorandum of Understanding that will provide Anil Ambani’s power group up to $5bn to boost it electricity production.
Deal Value: $5bn. Potential US jobs created: Not specified.

Diesel Locomotive Manufacturing Venture:

GE Transportation and Electro-Motive Diesel have been selected by the Indian ministry of railways as the sole two bidders for a venture to manufacture and supply 1,000 diesel locomotives over 10 years.
Deal Value: More than $1bn. Potential US jobs created: Not specified.

Sale of US Mining Equipment and Related Support Equipment:

The US’s Export – Import Bank approved more than $900m in export finance guarantees to Sasan Power, a subsidiary of Reliance Power, supporting the sale of US mining equipment and services from Bucyrus International of South Milwaukee, Wisconsin, and other U.S. vendors, in association with the 3,960-megawatt coal-fired Sasan power plant in Madhya Pradesh.
Deal value: $641m. Potential US jobs created: 3,460 jobs.

Several other smaller deals, below $10m, have also been signed.


Obama in India: deals breakdown | beyondbrics: News and views on emerging markets | FT.com

 

[Toshiba]

near abt 20bn $,he is the total banya.

 

[Fighter488]

near abt 20bn $,he is the total banya.

He is. Domestic job situtation is not good in America. These deals are a reflection of this fact.
Good for us as well!

Fighter

 

[Mirza Jatt]

finally the news came in...just as expected and projected.

 

[Toshiba]

wat he has given 2 us???
i think tomorrow will be important than all other days

 

[SpArK]

He looks and acts more like a salesman.. than a statesman

 

[pmukherjee]

All heads of states are 'Salesmen' apart form being Diplomats. They are selling their nations and its produce after all. That is why they are invariably accompanied by top businessmen when they go abroad. Business ties are extremely important and business meetings between counterparts are scheduled well in advance. Maybe these deals will help create jobs in the US but they won't exactly hurt us will they?

 

[Peacefulll]

When I saw the title of this thread, I read it as 'deals break down' and I wondered what catastrophic thing might have happened