US President Barack Obama on Sunday promised to “look at” export controls to make sure Indian firms have the same access to American technologies as “closest allies” and expressed the hope that the ne
US President Barack Obama on Sunday promised to “look at” export controls to make sure Indian firms have the same access to American technologies as “closest allies” and expressed the hope that the new year will see deals for the US companies to build new reactors in India.
Welcoming Prime Minister Narendra Modi’s efforts to cut red tape and make it easier for doing business in India, he said both countries can do even more to increase the trade and investment that creates jobs for people in both nations.
He said the bilateral trade “is still just a fraction of what it could be” and both countries can do more. Bilateral trade between India and the US is now around $100 billion — rising five-fold in the last decade.
Mr Obama and Mr Modi have set a goal of taking it to $500 billion in the next few years. “Under our civil nuclear agreement, we’re hopeful that this year will see deals for US companies to build new reactors, which will mean more reliable electricity for Indians.”
“For our part, the United States continues to look at our export controls to make sure Indian companies have the same access to American technology as our closest allies,” Mr Obama told PTI in wide-ranging interview. “I believe there’s still so much more we can be doing together to realise the full potential of our partnership,” he said.
