Build­ing an en­dur­ing part­ner­ship

SP's MAI - - MILITARY -

As the US-In­dia business part­ner­ship en­ters into a new phase, it has the po­ten­tial to set a prece­dent in the global eco­nomic or­der. It stands to show how a re­la­tion­ship that is based on tech­nol­ogy, in­no­va­tion and en­trepreneur­ship can set the foun­da­tion for an en­dur­ing part­ner­ship that with­stands other geopo­lit­i­cal is­sues. Economies built on free trade and in­no­va­tion are not only more sus­tain­able but also bet­ter pre­pared to meet the as­pi­ra­tions and im­prove qual­ity of life of their peo­ple. Aero­space is an apt ex­am­ple of a sec­tor that gains tremen­dously from in­creased trade, has a high de­gree of in­no­va­tion and can play a sig­nif­i­cant role in im­prov­ing qual­ity of life. In­dia is mod­ernising its de­fence fleet at a very ag­gres­sive pace and is look­ing to de­velop its tech­nol­ogy and man­u­fac­tur­ing ca­pa­bil­ity in the sec­tor. US com­pa­nies on the other hand con­tinue to drive global ex­pan­sion and seek growth in new mar­kets. For In­dia, this means cre­at­ing jobs for its peo­ple while for the US it helps in sus­tain­ing jobs. Hence there is a lot of con­ver­gence in the in­ter­ests of the two coun­tries when one looks at growth in aero­space sec­tor.

The United States is one of In­dia’s largest trad­ing and in­vest­ment part­ners. How­ever, con­sid­er­ing the po­ten­tial of this re­la­tion­ship, it has only just scratched the sur­face.

The visit of Pres­i­dent Obama to In­dia dur­ing the Repub­lic Day cel­e­bra­tions, on the invitation of Prime Min­is­ter Modi, is sym­bolic of the value that ei­ther coun­try as­so­ciates with this re­la­tion­ship. It needs to be wel­comed by in­dus­try lead­ers from both na­tions and har­nessed to help re­alise the full po­ten­tial of this re­la­tion­ship for the ben­e­fit of the peo­ple of both coun­tries.

—Nalin Jain, Pres­i­dent & CEO, GE Avi­a­tion & Trans­porta­tion, South Asia

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