Last Update: February 15, 2023, 06:54 IST
As part of its historic expansion, Air India will buy 220 aircraft from Boeing. (File Image: Reuters)
Announcing the Air India-Boeing deal, Biden asserted that together with PM Modi, he is looking forward to further deepening the ties between India and the US.
Prime Minister Narendra Modi spoke with US President Joe Biden on Tuesday and the two leaders welcomed the historic agreement between Air India and Boeing as a shining example of mutually beneficial collaboration that will help create jobs in both countries.
PM Modi expressed satisfaction at India’s deepening partnership with the US, which has resulted in strong growth in all sectors. PM Modi invited Boeing and other US companies to make use of the opportunities arising due to the expansion of the civil aviation sector in India.
Boeing and Air India have reached an agreement under which the airline will buy 220 aircraft from Boeing – 190 B737 MAX, 20 B787, and 10 B777X – for US$34 billion.
“The leaders welcome the historic agreement between Air India and Boeing as a shining example of mutually beneficial collaboration that will help create new job opportunities in both countries,” said a government statement.
The statement came after PM Modi’s warm and productive phone call with US President Joe Biden on Tuesday.
There will be an option to buy 70 more aircraft, taking the total transaction value to USD 45.9 billion, the statement said.
nice to talk to @POTUS @Joe Biden, Excellent discussion to review ongoing and new initiatives to further deepen India-US comprehensive and global partnership. we welcome the landmark @airindiain,@Boeing Agreement which will help in creating new opportunities in both the countries.- Narendra Modi (@narendramodi) February 14, 2023
Meanwhile, Joe Biden told PM Modi that the “historic” Air India-Boeing deal would create up to 1 million jobs across 44 US states.
Announcing the deal, Biden stressed that together with Prime Minister Modi, he is looking forward to further deepening the ties between India and the US.
The purchase, Biden said in the call, would support more than one million American jobs in 44 states, and many would not require a four-year college degree.
The Air India order is Boeing’s third largest ever in dollar value and second largest in terms of number of aircraft.
During the call, the two leaders also reaffirmed the strength of the U.S.-India relationship and our commitment to continue working together in groupings such as the Quad to advance economic growth for both countries and expand cooperation on our shared priorities. Made a commitment
“This announcement also reflects the strength of the US-India economic partnership. A White House statement said that together with Prime Minister Modi, I look forward to deepening our partnership as we continue to address shared global challenges – a more secure and prosperous future for all our citizens. To build
“It was a pleasure speaking with @POTUS @JoeBiden. Excellent discussion to review ongoing and new initiatives to further deepen the India-US Comprehensive and Global Partnership, Modi said in a tweet.
“We welcome the landmark @airindiain-@Boeing agreement that will help create new opportunities in both countries,” he added.
The two leaders welcomed the first meeting of the Initiative on Critical and Emerging Technologies (ICET) in Washington DC recently and expressed a deep desire to strengthen bilateral cooperation in space, semi-conductors, supply chain, defense co-production and co-operation. Did. -Development and knowledge and innovation ecosystem, the PMO said.
The statement said the two leaders agreed to remain in touch during India’s ongoing G20 chairmanship to ensure its success.
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