Indo-US business deals worth $15 bn struck

Saturday, November 6, 2010

WASHINGTON/MUMBAI - Ahead of US President Barack Obama’s address to CEOs in Mumbai, the White House announced the following deals worth almost $15 billion that will support 53,670 jobs in the US.

The following is the list of deals:

-Heavy Transport Aircraft: Preliminary agreement between the Boeing Company and Indian Air Force on the purchase of 10 C-17 Globemaster-III military transport aircraft. This transaction is valued at $4.1 billion in US export content, supporting 22,160 jobs.

-Engine Sale for the Light Combat Aircraft: Connecticut-based General Electric to supply provide 107 engines for the Tejas light combat aircraft of Hindustan Aeronautics. This transaction is valued at $822 million in US export content, supporting 4,440 jobs.

-Commercial Aircraft Sale: Boeing Company to sell for the sale of 30 737-800 commercial aircraft to SpiceJet, which currently operates 22 Boeing aircraft. This transaction is valued at $2.7 billion, with US expoert content of $2.4 billion, supporting 12,970 jobs.

-Gas and Steam Turbine Sale: General Electric to supply six advanced gas turbines and three steam turbines for the 2,500-megawatt Samalkot power plant of Reliance Power, part of the Reliance Anil Dhirubhai Ambani Group. The deal is valued at $750 million, with $491 million in US export content, supporting 2,650 jobs.

-Financial Support on Infrastructure: US Ex-Im Bank Agreement will provide Reliance Power, the flagship of Reliance Anil Dhirubhai Ambani Group, $5 billion in financial support for the purchase of US goods and services for 8,000 megawatts of gas-fired electricity generating units and 900 megawatts of renewable energy.

-Diesel Locomotive Manufacturing Venture: The Indian Ministry of Railways announces pre-qualification of GE Transportation and Electro-Motive Diesel for a venture to make and supply of 1,000 diesel locomotives over 10 years. The estimated US content of contract to exceed $1 billion.

-Motorcycle Assembly Plant: Harley-Davidson Motor Company says preparations underway to open a new plant in India for the assembly of motorcycles.

-Mining Equipment: US Export-Import Bank announces approval of more than $900 million in export finance guarantees to Sasan Power, a subsidiary of Reliance Power, supporting the sale of US mining equipment and services from Bucyrus International and other vendors for 3,960-megawatt coal-fired Sasan power plant in Madhya Pradesh. This commitment supports $641 million in US export content, and estimated 3,460 jobs.

-Tunneling Equipment: Robbins Company of Ohio announces an agreement to provide tunnel-boring machines, conveyer equipment, and associated technical services for Mumbai. The Mumbai contract alone is valued at $10 million, with $7 million in US. export content, supporting an estimated 35 jobs.

-Homeland Security Pilot Projects: Palantir Technologies in Silicon Valley announces a strategic partnership agreement with the Maharashtra State Police for pilot program on end-to-end analytical software platform to identify and alert authorities to security threats in order to help keep the citizens of Mumbai and Maharashtra safe.

-Medanta Duke Research Institute: Duke Medicine in North Carolina, one of the leading academic health systems, and Medanta Medicity in Gurgaon, announce joint venture to on clinical research. Duke will be partner Jubilant Life Sciences of Uttar Pradesh to conduct research studies and co-develop promising discoveries.

- Long-range Antenna System for Rural Telecommunications: SPX Communication Technology in Maine in the final phase of the pilot deployment of its long-range antenna system with two leading Indian mobile operators. The value of the initial trial equipment is expected to generate $1 million, with 100 percent US export content.

-Pre-fabricated Housing: Spancrete Machinery of Wisconsin announces the sale of six sets of its hollow core, precast production equipment, including installation, training, and after-sales support, to Hindustan Prefab. This transaction is valued at approximately $35 million, all of which is U.S. export content, supporting 30 jobs.

-Cell Phone Rollout: Intuit of California will launch new mobile and web-based marketing service in partnership with Nokia. This innovative technology will help Indian micro and small businesses.

-Unique Identification Project: L-1 Identity Solutions of Connecticut and other US firms pre-qualified by the Unique Identity Authority of India for the first phase of an effort to register Indian residents with a 12-digit unique number using biometric identifiers.

-Precision Measurement Instruments for Fuel Cell Research: Advanced Materials of Pennsylvania to supply a specially-designed pressure-composition isotherm measurement onstrument to the Banaras Hindu University in Varanasi.

-Trace Explosive Detection Equipment: Implant Sciences of Massachusetts signs contract with the Ministry of Defence to supply its Quantum Sniffer H-150, trace detection devices for the Indian Army to detect the presence of explosive, bomb-making materials that could be used in a terrorist attack. The transaction is valued at $6 million, all of which in US export content, supporting an estimated 30 jobs.

-Helicopter Sale: Bell Helicopter of Texas has signed agreement with Span Air, a private Indian air charter company, for its first Bell Model 429 corporate VIP helicopter in. Bell recently sold its 100th helicopter in India.

-Pre-owned Refurbished Healthcare Equipment: Skelley Medical of New Hampshire to sell refurbished medical equipment to Indian hospitals in second and third tier cities.

-Monitoring Equipment for Greening Buildings: Noveda Technologies of New Jersey finalizing a venture with Chennai-based Wysine Technology to jointly develop and market a new solution for web-based, real-time energy monitoring for greening of buildings.

-Dredges for Maharashtra: Ellicott Dredges in Maryland announces sale of two cutter suction dredges to the state-run Maharashtra Maritime Board. The equipment will be utilized to dredge a fisherman’s port and various tributaries in the state of Maharashtra.

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