US and India set to sign $50 billion deal in India’s Central Belt

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US President Donald Trump and Indian Prime Minister Narendra Modi will sign a $50-billion defence deal during their two-day visit to New Delhi in the coming days, a senior Indian official has said.

Trump will be visiting India to hold a bilateral meeting on security and defence in the Indian capital.

India has already signed deals worth about $25 billion with the US to purchase aircraft and other equipment, but the deal for India to buy the entire defence industry would be a “major milestone”, the Indian official told Reuters news agency.

The official said India had also agreed to invest $1 billion in a new military base in the southern Indian city of Jaisalmer.

“I would expect the agreement to be signed and the memorandum of understanding (MOU) signed by the President and Prime Minister to be ratified within a few days,” the official said.

The agreement comes ahead of the Indian-US summit between the two leaders in the next few days.

The US-India defense deal will bring the two countries closer to signing an arms deal worth more than $50bn.

The deal will also boost ties between India and the US as it struggles with terrorism, poverty and corruption, the Indian government said.

Indian President Donald Trumps visit to India on July 24, 2019.

US Defence Secretary James Mattis and Indian Defence Minister Manohar Parrikar will also be in Delhi.

The two countries have also signed several strategic military and defence cooperation agreements.

A US official told reporters that the US and Indian military are looking at possible cooperation in the fields of maritime security, air and space.

The Indian defence minister said India was interested in acquiring advanced technologies, but did not elaborate.

The White House said that the United States and India had discussed a number of issues including cyber warfare and counter-terrorism.

A senior Indian government official said the US wanted to build up cooperation in cyber defence and cyber security.

India is also considering creating an integrated cyber security and cyber warfare unit to work together on cyber issues.

India’s defence and aerospace industry is worth $60 billion, the US defence department said in May.

“India is looking at establishing an integrated defence and space industry,” it said.

It also noted that India has signed a defence deal worth $1.3 billion with Saudi Arabia for two submarines, which will be delivered next year.

India will build its first submarine in 2020.

In the past, the two nations have also agreed a number and range of defence and security cooperation agreements worth $50 million each.

US officials have said they have not discussed the military deal with India but had talked about cybersecurity.

US President Barack Obama is due to visit India in September for the BRICS summit.

Indian Prime Minster Narendra Modi speaks during the inaugural BRICS Summit in New Delhi on May 1, 2019, India.

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