Takeaways from US

President Obama's

Visit to India 9

US announces $4 billion

of new initiatives,

trade missions #1

Mr. Barack Obama announced $4 billion of new initiatives aimed at

boosting trade and investment ties as well as jobs in India, and opened

up a whole new source of financing for social development ventures in

the country through a new Indian Diaspora Investment Initiative. The

$4-billion deals include $2 billion of leveraged financing for renewable

energy investments in India through the US Trade & Development

Agency and $1 billion in loans for small and medium businesses across

India through the Overseas Private Investment Corporation, or OPIC.

#1 US announces $4 billion of new

initiatives, trade missions

#2 Joint production on

4 defense projects

The two nations agreed to step up joint combat exercises, maritime

security endeavours, intelligence-sharing mechanisms, military

exchanges and the like through the framework, which has the key new

element of Defense Trade and Technology Initiative (DTTI) to bolster

India's fledgling defense-industrial base. The DTTI is poised to

increase co-production, co-development and partnership in U.S.-India

military-industrial matters.

#2 Joint production on 4 defense

projects

The four products to be co-produced are the next-generation Raven

unmanned aerial vehicles (UAVs), "roll-on, roll-off" intelligence-

gathering and reconnaissance modules for C-130J Super Hercules

aircraft, mobile electric hybrid power sources and "uniform integrated

protection ensemble increment-2 (chemical, biological warfare

protection gear for soldiers)".

#2 Joint production on 4 defense

projects (Contd.)

#3 Asia-Pacific policy

gets a new thrust

The joint statement notes a confluence of two major East Asia-facing

strategic initiatives by the two countries. The statement noted the

alignment of “India‟s „Act East Policy‟ and the United States‟ rebalance

to Asia,” and the potential “opportunities for India, the United States,

and other Asia-Pacific countries to work closely to strengthen regional

ties” as result. They also highlighted the importance of the U.S.-India-

Japan trilateral relationship.

#3 Asia-Pacific policy gets a new

thrust

#4 Boost for Smart cities

While the government is yet to roll out the smart cities scheme, the

United States Trade and Development Agency (USTDA) signed

Memorandums of Understandings (MoUs) with Uttar Pradesh,

Rajasthan and Andhra Pradesh for cooperation to support the

development of three smart cities. The cities are Allahabad, Ajmer and

Visakhapatnam. Under the MoUs, the USTDA will contribute funds for

feasibility studies and pilot projects, study tours, workshops or trainings

and other projects that would be determined mutually.

#4 Boost for Smart cities

Bilateral Investment Treaty #5

The two sides commit themselves to renewing talks on the Bilateral

Investment Treaty and taking forward the much desired Social Security

Agreement.

#5 Bilateral Investment Treaty

#6 Hardware deals

Mr. Barack Obama‟s visit resulted in the revelation of more than a few

straight-up hardware deals, including the joint production of parts and

systems of the Lockheed C-130 (which India operates), and RQ-11

Raven drones. India will take delivery of six additional C-130s through

2017.

#6 Hardware deals

Obama assures

on concerns over

H-1B visa issue #7

Mr. Barack Obama has assured PM Modi that he will look into India's

concerns on the H-1B visa issue as part of his comprehensive

immigration reform.

#7 Obama assures on concerns over

H-1B visa issue

Social security pact #8

The US agreed to take the first step in addressing India's long-pending

demand of signing a Totalization Agreement that will help Indian

workers in the US get annual refunds of around $3 billion (Rs 18,000

crore) worth of social security contributions they make.

#8 Social security pact

#9 U.S. and India Climate

and Clean Energy

Cooperation

The US President and Prime Minister Modi pledged to enhance U.S.-

Indian cooperation on our mutual climate and clean energy goals. From

our highly successful U.S.-India Partnership to Advance Clean Energy

(PACE) umbrella program to technical work on emerging technologies,

the U.S. and India made important progress on combating climate

change.

#9 U.S. and India Climate and Clean

Energy Cooperation

The agreements include:

- Enhancing bilateral climate change cooperation to achieve a

successful and ambition agreement in Paris this year.

- Cooperating on Hydroflurocarbons to make concrete progress in the

Montreal Protocol this year

- Expanding PACE-R, the U.S.-India Joint Clean Energy Research and

Development Center, to extend funding for research on solar energy,

energy efficiency, and advanced biofuels.

- Launching air quality cooperation to help urban residents reduce their

exposure to harmful levels of air pollution.

#9 U.S. and India Climate and Clean

Energy Cooperation (Contd.)

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