US Industry To Invest In India’s Maintenance & Repair facilities For Aircrafts

ENA Sectors 2023-09-11 13:05:36 New Delhi, Sept 11 (KNN) During the India-US bilateral meeting held on the side-lines of the G20 summit, the US showed its commitment to invest more in Indias maintenance, repair, and overhaul capabilities and facilities for aircraft. The American government has also given nod to Modis governments effort to convert India into maintenance repair and overhaul (MRO) hub for aerial platforms after stitching agreements with three Indian companies for mid-voyage repairs of US Navy. <a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a> During the bilateral meeting, the two leaders hailed advancements since the announcement of defence tie-ups in Washington on Congress clearing the GE F-414 jet engine co-production, conclusion of US Navy and Mazagon Dock Shipbuilders, Ltd repair agreement. During the bilateral meeting in Washington, PM Modi and President Biden had agreed for Master Ship Repair Agreement (MSRA) between the two sides, given the satisfaction over mid-voyage repairs since its first vessel USNS Salvor underwent at Larsen & Tubros (L&Ts) Kattupalli shipyard near Chennai. While, the US Navy agreement with L&T was signed during Modis visit, the one with Mazagon Dock Shipbuilders was done last month and, the last one with Goa Shipyards remains to be inked. Both sides recommitted to advancing Indias emergence as a hub for the maintenance and repair of forward-deployed US Navy assets and other aircraft and vessels, read the joint statement. The India-US major defence partnership is also witnessing expanded cooperation in new and emerging domains such as space and AI, beside in defence industrial cooperation, per the joint statement issued by White House. Both sides welcomed the announcement by the Indian Ministry of Defences Innovations for Defence Excellence and the US Department of Defences, Defence Innovation Unit to launch two joint challenges, which will invite start-ups to develop solutions to shared defence technology challenges. They also commended the India-U.S. Defence Acceleration Ecosystem (INDUS-X) team for establishing a robust collaboration agenda to harness the innovative work of the U.S. and Indian defence sectors to address shared security challenges. (KNN Bureau) 34740 https://knnindia.co.in/news/newsdetails/sectors/us-industry-to-invest-in-indias-maintenance-repair-facilities-for-aircrafts 2023-09-11 13:05:36 knnindia.co.in US Industry To Invest In India’s Maintenance & Repair facilities For Aircrafts