What is the significance of India-U.S. collaboration in the production of jet engines How has the push for this production improved over the years
Gain insights into the significance and progress of India-U.S. collaboration in the production of jet engines.
- The collaboration is crucial for both India and the U.S. as it strengthens their strategic partnership and promotes mutual economic benefits.
- The production of jet engines is a highly advanced technology, and the collaboration allows India to gain access to the latest technology and know-how from the U.S. companies.
- The partnership also enables the U.S. companies to tap into the rapidly growing defense market in India, which is expected to reach USD 200 billion by 2030.
- The progress on this collaboration has been significant in recent years. Lockheed Martin entered a partnership with Tata Advanced Systems to manufacture F-16 fighter jets' wings in India. General Electric and Tata are also collaborating on the production of jet engines.
- The collaboration has the potential to create high-skilled jobs in India and boost its defense manufacturing capabilities while supporting the U.S. companies' growth and investments in the region.
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