Indian Economy News

EESL successfully completes a decade of helping India become energy efficient; Power Minister R.K. Singh announces installation of 10 lakh Smart Meters across India

  • IBEF
  • February 26, 2020

India will buy defence equipment worth more than US$ 3 billion from the United States, President Mr Donald Trump said, on the second day of his two-day visit to the South Asian nation.

United States was working productively with Pakistan to tackle terrorism on its soil, said Mr Trump at a joint press conference with Indian Prime Minister Mr Narendra Modi in capital New Delhi.

Though, the trade deal between New Delhi and Washington is yet to be signed, but the two countries would begin talks to strike a comprehensive agreement, added Mr Trump and Mr Modi.

The discussion was also made between the two regarding the importance of a secure 5G telecoms network in India, ahead of a planned airwaves auction by the country.

The United States has banned Huawei, arguing the use of its kit creates the potential for espionage by China, though this was denied by Huawei and Beijing but India, where telecoms companies have long used network gear from the Chinese firm, is yet to make a call.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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