Bangalore: A US business delegation, including firms keen on the defence, space and communication sectors, is here to explore opportunities for tie-ups with institutions like DRDO and ISRO during the AeroIndia international air show beginning Wednesday.
Led by US commerce secretary Gary Locke, the delegation’s efforts come after the US recently removed India’s Defence Research and Development Organisation (DRDO) and Indian Space Research Organisation (ISRO) from the entity list that bans hi-tech exports.
In a clear shift in the economic ties between the two countries after US President Barack Obama’s visit to India last November, 24 companies are in Bangalore to hold discussions with DRDO’s laboratories and defence production unit Hindustan Aeronautics Limited (HAL) on trade possibilities in defence, space and communication technologies.
Locke, who arrived here on Tuesday, told reporters that the American business delegation was here “to explore opportunities” with DRDO and HAL.
“The removal of these laboratories and institutions from the entity list, we believe, is a huge symbol of enhanced cooperation between the two countries,” he said while replying to a question in this regard.
09/02/11 IANS/Times of India
US firms to explore tie-ups with DRDO, HAL
Published February 9, 2011 Uncategorized Leave a CommentTags: Defence, HAL, US
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