Expanding Energy Partnership between India and the US
The forthcoming meeting between the Indian Prime Minister and USA President is expected to cover significant advancements in the India-US energy partnership.
- Increased oil imports from the US by India, with expectations of further growth following Trump's initiative to maximize US oil and gas production.
- Potential collaboration in small modular reactors (SMRs) in India, which the US is keen to participate in.
- The US Department of Commerce has facilitated this by removing three Indian organizations from its Entity List, enhancing collaboration prospects in civil nuclear energy.
India-US Defence Industry Partnership
The meeting is also anticipated to focus on strengthening the defense industry partnership.
- Discussion on GE engines and the review of the US-India Initiative on Critical and Emerging Technology (iCET).
- Trump's encouragement for India to purchase US-manufactured defense items, including fighter jets.
- An upcoming Indian delegation visit to the US to finalize the GE-414 engine deal by March end.
Trade and Economic Discussions
On the economic front, there is a proposal for a mini trade deal or a limited scope trade deal.
- The bilateral relationship discussions include technology, trade, investment, energy, and defense.
Global Energy Dynamics
India is also watching for a potential thaw in US-Russia ties to ensure uninterrupted access to Russian oil supplies, which are essential for maintaining global oil price stability.
- Meeting between Russia’s energy minister and India's petroleum minister, focused on oil supplies and future collaboration.