8 Sept 2023

Biden, Modi To Hold Bilateral Meeting Today; Talks On Small Nuclear Reactors Possible; GE Jet Engine Deal May Be Discussed

New Delhi: US President Joe Biden and PM Narendra Modi are likely to make meaningful progress on the GE jet engine deal and civil nuclear technology during their bilateral talks, US National Security Advisor Jake Sullivan has said, according to media reports.

There will also be discussion on increasing cooperation in civil nuclear technology between the two countries. During bilateral talks, an agreement can be reached on small modular nuclear reactors. 

GE opened its gates for transfer of technology to India

US-based company General Electric (GE) opened its gates for the transfer of technology to India for the indigenous manufacture of jet engines in April this year.

Earlier this year, GE said that it had entered into an agreement with Hindustan Aeronautics Limited (HAL), the government's aerospace and defence manufacturing firm, to jointly manufacture engines in India for the Indian Air Force fighter jets.

The effort is part of the Indian Air Force's Light Combat Aircraft Mk2 programme.

The agreement will advance GE Aerospace’s earlier commitment to build 99 engines for the Indian Air Force as part of the LCA Mk2 programme.

In addition, GE will continue to collaborate with the Indian government on the AMCA Mk2 engine programme.

On the commercial side, Air India had also announced the biggest-ever purchase by an Indian airline of aircraft, including 400 single-aisle and 70 twin-aisle planes powered by engines built by GE and CFM International, a 50-50 joint company between GE and Safran Aircraft Engines.

Talks on Russia-Ukraine war possible

There will also be talks between the two leaders on the Russia-Ukraine war. During this, reducing the impact of war at the economic and social level will be discussed. According to the White House, Modi-Biden will also talk about increasing the capacity of the World Bank and other multilateral development banks to fight poverty and many other global challenges.

Meanwhile, Biden has left from Andrew's air base on Thursday for the 18th G20 Summit to be held at the Bharat Mandapam Convention Centre at Pragati Maidan in New Delhi.

Before boarding the flight for India, Biden posted on his social media account X, 'I'm headed to the G20 -- the premier forum for international economic cooperation -- focused on making progress on Americans' priorities, delivering for developing nations, and showing our commitment to the G20 as a forum that can deliver.'

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