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December 7, 2021

Obama announces USD 10 bln India deals

The agreements for new export business with India would help to support around 54,000 jobs in the United States.

US President Barack Obama has announced USD 10 bln in new trade deals with India. He was speaking in Mumbai at the start of a 10-day Asian tour designed to boost US exports and create jobs, BBC News reported. Obama also announced an easing of US export controls and rejected caricatures of India as a nation of “call centres.”

Visiting the scene of the 2008 attacks in Mumbai, he said India and the US were united against terrorism. “We will never forget,” he said at a memorial to victims of the attack by Islamic militants. The outdoor memorial is a fountain with floating flowers just off the lobby of the Taj Mahal Palace hotel, where he and his wife are staying as guests.

He described the hotel as a symbol of India’s “strength and resilience”. He also wrote in a memorial book: “The United States stands in solidarity with all of Mumbai and all of India in working to eradicate the scourge of terrorism.” More than 170 people died in a series of co-ordinated attacks across the city in November 2008.

The White House said the deals for new export business with India would help to support around 54,000 jobs in the United States. The president said the relationship between the US and India was one of the “defining and indispensable partnerships of the 21st Century. “The sheer size and pace of India’s progress in just two decades is one of the most stunning achievements in human history,” he told an audience of US and Indian business leaders.


President Obama said Sunday that Pakistan is not making progress against militants “as quick as we’d like,” according to CNN. Pakistan has a lot of potential, but has some “extremist elements within it,” the president said. “The problem has to be addressed.”

Obama was responding to a question from a student at a town hall meeting in Mumbai. He said that India has the biggest stake in its neighbor’s success. “Hope over time trust develops, dialogue begins,” he said. “The U.S. stands to be a partner in that process, but can’t impose that.”

After the meeting, Obama headed to New Delhi, where he was expected to meet Indian Prime Minister Manmohan Singh. He will also address the nation’s parliament.

Obama’s visit to India is part of a 10-day tour in Asia, which will also take the US leader to Indonesia, South Korea and Japan.

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