PM Modi meeting with Trump: US President Donald Trump announced after talks with Prime Minister Narendra Modi that India will buy more oil, gas and military hardware from the US, including F-35 fighter jets, to reduce the trade deficit.
President Trump and Prime Minister Modi launched a new initiative – the "U.S.-India COMPACT (Catalyzing Opportunities for Military Partnership, Accelerated Commerce & Technology) for the 21st Century” – to drive transformative change across key pillars of cooperation. Under this initiative, they committed to a results-driven agenda with initial outcomes this year to demonstrate the level of trust for a mutually beneficial partnership.
PM Modi said today, we have set a target of more than doubling bilateral trade to 500 billion dollars by 2030. Our teams will work on an early conclusion of a mutually beneficial Trade Agreement.
We will strengthen the oil and gas trade to ensure India's energy security. Investment in energy infrastructure will also increase.
In the nuclear energy sector, we also talked about increasing cooperation in the direction of Small Modular Reactor, said PM Modi.
PM Modi said Americans are familiar with President Trump's motto, Make America Great Again, or "MAGA." The people of India are also moving towards development at a fast pace with the determination of “Viksit Bharat 2047” on the track of heritage and development.
If I say in the language of America, developed India means Make India Great Again, i.e. “MIGA”. When the United States and India work together, i.e. “MAGA” plus “MIGA”, the “MEGA” Partnership for prosperity is formed. And this mega spirit gives new scale and scope to our goals, said PM Modi.
However, Trump gave no guarantee that America will not spare India from 'reciprocal tariff'. Recently, the meaning of reciprocal tariff was explained by Trump himself.
He had said, “Whatever tariff other countries impose on America, America will now impose the same tariff on them. "Nothing more, nothing less"
Trump expressed hope that India will rationalize the tariff on American goods. He also expressed his desire to sell the 'stealth fighter' jet F-35 to India along with extensive cooperation in defense purchases.
Illegal immigrants
In the much-awaited meeting with Trump, Narendra Modi has also offered an open discussion on trade between the two countries and has talked about taking back Indians who have illegally entered the US.
Apart from this, making an important announcement, Donald Trump said that he will extradite Tahawwur Rana, who is wanted in India in the Mumbai attacks case, to India. Efforts were on for a long time to bring Rana, who is in an American jail, to India.
Prakash Kumar Pandey
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