India-US Talks: Modi to Propose Tariff Cuts, Boost Energy and Defense Imports
Indian Prime Minister Narendra Modi will visit the US for two days, starting Wednesday. During the meeting with US President Donald Trump, Modi is expected to discuss several key issues, including:
Energy Imports:
* India plans to propose increasing energy imports from the US to address trade imbalances.
* India may push oil companies to purchase more US LNG, potentially acquiring a stake in a US LNG plant.
Defense Imports:
* India will likely negotiate the purchase and co-production of combat vehicles.
* The finalization of a fighter jet engine deal is also expected.
Illegal Migration:
* The deportation of illegal Indian immigrants by the US and India's concerns will be discussed.
* Industry representatives will address H-1B visa misuse and advocate for increased legal migration.
Market Access and Level Playing Field:
* US officials and businesses will raise concerns about market access and a level-playing field for US companies.
* Elon Musk may discuss bringing Tesla cars to India and satellite spectrum for his Starlink project.
Investment by Indian Companies:
* India will propose facilitating investments by its companies in the US, highlighting billions of dollars invested in steel, garment, and contact manufacturing sectors.
Strengthening Strategic Ties:
* Modi's visit aims to enhance strategic and economic ties between India and the US.
* India seeks increased investments in manufacturing, services, and the insurance sector from US companies.